Independent GOP fundraising picks up steam

Another big name GOP veteran in Washington — lobbyist and operative Scott Reed — is jumping into the crowded field of independent groups raising tens of millions of dollars to help Republican congressional candidates win on Election Day.

Reed told the Center that he’s raised about half of the $25 million he’s hoping to spend to influence a few Senate and twenty House contests mostly by running ads in selected districts. Reed’s group, which he declined to name at this time and is set up as a 501 (c) (4) under the IRS code, intends to start airing commercials in mid-September.

Reed is the latest of a cadre of heavy-hitting Republican veterans, such as ex-RNC chairman Ed Gillespie, GOP political guru Karl Rove and former Senator Norm Coleman, R-Minn., who are raising money for, or leading newly created conservative, pro-GOP groups. These outfits have already poured millions of dollars into issue or direct advocacy ads in such states as Nevada, Ohio and Washington in support of GOP Senate candidates.

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