ELECTION

Libertarian donors put up $6 million for Rand Paul GOP bid

Jul 27, 2015, 1:24 PM

Republican presidential candidate Sen. Rand Paul, R-Ky., listens as he is introduced at a Town Hall...

Republican presidential candidate Sen. Rand Paul, R-Ky., listens as he is introduced at a Town Hall meeting at the Kilton Library in West Lebanon, N.H.. Saturday, July 25, 2015. (AP Photo/Cheryl Senter)

(AP Photo/Cheryl Senter)

WASHINGTON (AP) — Deep-pocketed libertarians are giving big to help Rand Paul win the Republican presidential primary.

Three super PACS supporting the libertarian-leaning Kentucky senator said they raised a combined $6 million through June 30. That’s on top of the nearly $7 million that Paul’s campaign reported pulling in between his April announcement and the end of last month.

“There are some very wealthy libertarians out there, and they’re all going to be hearing from me,” said Ed Crane, president of one of the pro-Paul super PACs, called Purple PAC. “It’s a strong potential base for Rand.”

Paul’s top backer so far is Jeff Yass, managing director of high-frequency trading firm Susquehanna International Group, who split a $2 million contribution last month between Purple PAC and another pro-Paul super PAC, America’s Liberty.

Yass and Crane know each other through the Cato Institute, a free market think tank in Washington that began in the 1970s with the backing of billionaire energy executives Charles and David Koch. Crane is a co-founder, and Yass is a board member.

Joining Yass in the $1 million donor club is George Macricostas, head of a data center company called RagingWire. Those two accounted for most of America’s Liberty’s $3.1 million in fundraising so far this year.

A third super PAC, Concerned American Voters, has not yet filed a fundraising report, but its leaders said they’ve raised $1.9 million. Scott Banister, a tech investor in Silicon Valley, is among the donors.

Matt Kibbe, senior adviser to Concerned American Voters and former leader of the libertarian activist group FreedomWorks, said Paul is testing the idea that libertarian donors will make a major investment in a candidate, not just a cause.

“Libertarians are used to giving to ideas and issues campaigns,” Kibbe said. “Do they make the leap and give to a liberty-minded candidate with a pathway to victory? I think the answer is yes.”

Paul is one of an expected 17 Republican presidential candidates, and he’s in the top half of the class for fundraising.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Election

Associated Press

Root of Civil War among hot topics in leadup to Iowa primary

As Republicans make their case for the future, they keep getting stuck on the past, even failing to understand the cause of the Civil War.

6 months ago

(AP Photos)...

KTAR.com

Arizona Rep. Raul Grijalva is 1st congressional endorsement for Bernie Sanders

Arizona Rep. Raul Grijalva is set to become the first congressional endorsement for Democratic presidential candidate Bernie Sanders at a Tucson rally Friday.

9 years ago

Twitter Photo/@dtvalenzuelaphx...

KTAR.com

Unofficial results: Daniel Valenzuela re-elected in District 5

Incumbent Councilman Daniel Valenzuela dominated in the District 5 race for re-election, as of 8:00 p.m.

9 years ago

(Facebook Photo)...

KTAR.com

Unofficial results: Proposition 104 wins at the polls

Hot topic Proposition 104 appeared to pass at the polls as of 8:00 p.m.

9 years ago

(AP Photo)...

KTAR.com

Unofficial results: Phoenix Mayor Greg Stanton wins second term

Current Phoenix Mayor Greg Stanton leads the polls with 66.3 percent of the votes for mayor as of 8:00 p.m.

9 years ago

Associated Press

Trump’s lawyer apologizes after mistaken claim about rape

An attorney for Republican presidential contender Donald Trump apologized Tuesday for making the incorrect assertion that "by the very definition, you can't rape your spouse."

9 years ago

Sponsored Articles

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

DESERT INSTITUTE FOR SPINE CARE

Desert Institute for Spine Care is the place for weekend warriors to fix their back pain

Spring has sprung and nothing is better than March in Arizona. The temperatures are perfect and with the beautiful weather, Arizona has become a hotbed for hikers, runners, golfers, pickleball players and all types of weekend warriors.

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

Libertarian donors put up $6 million for Rand Paul GOP bid