FOXNews.com: Deep Pocket Billionaire Donates $10M to GOP

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Deep Pocket Billionaire Donates $10M to GOP Jun 30th 2012, 20:17 Casino mogul Sheldon Adelson has donated $10 million to the Koch brothers' efforts to elect Republicans and oust President Obama and other Democrats -- forging perhaps the most powerful, well-financed political fundraising machine of 2012. Adelson donated the money last weekend during a Koch brothers' fundraising summit in suburban San Diego. The private deal was confirmed Friday, according to the Associated Press and other news agencies. Adelson has already contributed $10 million to Restore Our Future, which is the super political action committee that backs GOP presidential candidates Mitt Romney, and $5 million each to two organizations promoting House Republicans. During the GOP presidential primary, Adelson, chief executive officer of the Las Vegas Sands, and family members gave $21 million to a super PAC promoting former House Speaker Newt Gingrich. Charles and David Koch are billionaire oil executives and libertarians who founded the small-government, anti-tax group Americans for Prosperity. Among the others who contributed at the summit was personal-investment tycoon Charles Schwab, who committed to a seven-figure donation. Also at the summit, the brothers announced a new candidate training academy, Grassroots Institute, according to POLITICO. The Kochs reportedly also are behind a voter database called Themis, similar to the Democrats' Catalist, and their network of groups is expected to spend roughly $400 million in this election cycle.

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