Wednesday, August 11, 2010

Who's funding Newt Gingrich?

By Justin Elliott

Newt Gingrich's ex-wife told Esquire that the former speaker cares more about getting rich than running for president. So we decided to take a closer look at who is funding Gingrich's primary political committee, a 527 group called American Solutions for Winning the Future. A significant chunk of its funding comes from oil and gas and coal companies and wealthy real estate evelopers, with the rest raised in $100 and $200 increments from conservatives around the country, according to the group's IRS filings.

American Solutions doesn't appear to pay Gingrich a direct salary, but it has spent millions on private jets to ferry him and his staff around the country and generally allow him to promote his books and movies. (There are other groups, like Gingrich's for-profit Center for Health Transformation, that may be paying Gingrich directly, but such information is private.) So far this election cycle, American Solutions has taken in over $20 million, and poured much of it back into fundraising expenses.

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