Candidates cashing in and staying mum on 2012
The 2012 Republican race officially kicked off last night after five candidates—Ron Paul, Herman Cain, Gary Johnson, Rick Santorum and Tim Pawlenty—took the stage in South Carolina for the first Republican primary debate. But who wasn't there made more headlines than who was—big names like Mitt Romney, Sarah Palin, Michelle Bachman, Mike Huckabee and even Donald Trump skipped out. Analysts say that because of campaign finance laws that cap donations to presidential campaigns at $2,500, some candidates prefer to rake in money through political action committees (PACs) for as long as possible before officially declaring.
The 2012 Republican race officially kicked off last night after five candidates—Ron Paul, Herman Cain, Gary Johnson, Rick Santorum and Tim Pawlenty—took the stage in South Carolina for the first Republican primary debate. But who wasn't there made more headlines than who was—big names like Mitt Romney, Sarah Palin, Michelle Bachman, Mike Huckabee and even Donald Trump skipped out. Analysts say that because of campaign finance laws that cap donations to presidential campaigns at $2,500, some candidates prefer to rake in money through political action committees (PACs) for as long as possible before officially declaring.
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