Rand Paul wastes no time in re-stocking funds for leadership PAC
11/12/2012 04:44 PM
U.S. Sen. Rand Paul is restocking his political good-will war chest, RAND PAC, just weeks after the 2012 election with a fundraiser in the nation’s capital.
Paul will be hosting a luncheon in Washington D.C. on Nov. 29. Contribution levels range from $2,500 for political action committees to be a “host” and $5,000 to be a “sponsor” organization and at least $500 for individuals to attend, according to Political Party Time a resource of the non-partisan Sunlight Foundation.
RAND PAC is Paul’s Leadership political action committee that states its mission as aiming “to support and elect Pro-Liberty, Pro-Constitution candidates in Kentucky and across the country.”
Paul’s PAC supported Missouri Republican U.S. Rep. Todd Akin who was vying for a U.S. Senate seat by spending six figures on ads criticizing incumbent Democratic Sen. Claire McCaskill. RAND PAC criticized McCaskill for voting for budgets that sent money abroad in foreign aid at a time when the United States has costly infrastructure needs. Paul’s leadership PAC invested in the race even as other Republican groups abandoned Akin after his controversial comments about abortion in instances of “legitimate rape.” Akin ultimately lost that race.
The political action committee also threw funding behind Indiana Republican Senate hopeful Richard Murdock. Murdock lost that race to Democrat Joe Donnelly.
As of its Oct. 17 report to the Federal Election Commission, RAND PAC showed more than $1.5 million raised and $453,000 cash on hand.
Officials often use leadership PACs to raise money that can be spent to help elect other like-minded candidates and engender loyalty from those the leadership PAC helps.
Paul has expressed interest in one day running for the Republican nomination for president, potentially as soon as 2016.
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