The Buying of the Presidency

The perplexing case of the Ted Cruz super PACs

 

sunlightfoundation.com – Melissa Yeager

Most presidential candidates have one, perhaps two super PACs championing their cause.

It appears Ted Cruz has six.

Three of those are exclusively funded by one donor or a family of donors. Creatively, they’re named Keep the Promise I, Keep the Promise II and Keep the Promise III. The trilogy of super PACs has a combined war chest totaling more than $36 million dollars. (That’s still less than Jeb Bush, whose super PAC Right to Rise has raised $103 million.)

Keep the Promise I is primarily funded by an $11 million donation from Robert Mercer of Renaissance Technologies. Mercer is a computer scientist, businessman and hedge fund manager.

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