Monday, October 29, 2012

Reuters: VanderSloot's Generous Support of Mitt Romney

Posted By on Mon, Oct 29, 2012 at 9:09 AM

Idaho gazillionaire Frank VanderSloot is back in the headlines this morning.

In the run-up to Election Day, Tuesday, Nov. 6, Reuters has published what it calls, "Factbox: The Wealthy Behind the Presidential Race."

VanderSloot, who has also pumped a good deal of his own money to advocate for "yes" votes on Idaho's Luna Law propositions, is near the top of the list of donors to the so-called "super political action committee" Restore Our Future. VanderSloot has donated more than $1.1 million to the pro-Romney super PAC, and according to the Federal Election Commission, VanderSloot's Idaho-based Melaleuca and its subsidiaries have also donated.

VanderSloot also serves as a national campaign finance co-chair for the Romney campaign.

The FEC also lists a number of VanderSloot's relatives and co-workers from Melaleuca as donors to Romney's cause.

VanderSloot has plenty of big-money company donating to Romney, including:

-Las Vegas casino magnate Sheldon Adelson and his wife, Miriam ($10 million each)
-Bill Koch, brother of conservative financiers David and Charles Koch ($4 million)
-Hotel magnates J.W. and Richard Marriot ($1 million each)

But Barack Obama has plenty of his own wealthy friends, funding his campaign through the super PAC Priorities USA Action:

-Movie-maker Jeffrey Katzenberg ($3 million)
-Slim-Fast creator Daniel Abraham ($1.2 million)
-Oscar winner Morgan Freeman ($1 million)
-Comedian Bill Maher ($1 million)

Super PACs have no limits on what they can raise from individuals, corporations or labor unions.

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