Within weeks of announcing his White House intentions, Sen. Ted Cruz has already raked in the big bucks.
Super political action committees aligned with the Texas Republican are expected to have raked in $31 million by the end of the week.
“Our goal is to guarantee Sen. Cruz can compete against any candidate,” Dathan Voelter, the treasurer for the three new Cruz super PACs said in documents filed with the Federal Election Commission.
All three of the super PACs — “Keep the Promise,” “Keep the Promise II” and “Keep the Promise III” — are described to be “leading the financial charge” as “a group of close, personal friends of Sen. Cruz, who share his conservative vision for America.”
Furthermore, those involved with the super PACs say even more donations are coming from some of his biggest financial backers, according to Bloomberg.
The formal filings for the super PACs lists an Austin post office box as their shared address and a Fifth Third Bank in Atlanta as where the funds are being deposited.
Super PACs can accept unlimited campaign contributions from individuals. The upcoming presidential election cycle is expected to be one with a price tag of more than $1 billion.
