According to a Politico report, casino billionaire Sheldon Adelson is preparing to donate an astonishing $20 million to help Newt Gingrich’s presidential campaign. The donation, which is not even in the same stratosphere as the $2,500 legal limit for direct campaign contributions, would be made to a pro-Gingrich “super PAC” which can legally accept unlimited funds.
Although Adelson’s spokesman told Politico that “there’s no truth to any speculation that Mr. Adelson has made a commitment to either contribute or raise this amount of money,” sources with direct knowledge of the planned $20 million donation told Politico that Adelson planned to cut a check to a super PAC as early as this week. It is still unknown which of the several pro-Gingrich groups would receive the money.
Copyright 2011 The National Memo