Mitt Romney CRUSHED Obama In A Huge Month Of Fundraising

Mitt Romney and the Republican National Committee raised $76.8 million in May fundraising efforts. That outpaces President Barack Obama and the Democratic National Committee by an astounding amount — nearly $17 million.

Combine that with Republican super PACs pledging a $1 billion effort into this election, and it’s clear that Republicans are getting ahead in the money race.

Here are the key numbers:

• The campaign raised more than $76.8 in May

• 93 per cent of donors contributed $250 or less

• Those small donors contributed $12 million to the overall haul — only about 15.5      per cent of the total

• The RNC and Romney campaign have $107 million cash on hand

In April, when Romney and the RNC combined fundraising efforts, he started to close the gap with Obama. He raised $3 million less than Obama in April. The campaign’s haul from small donations also marks a $2 million increase from last month. 

“We are encouraged by the financial support from a broad range of voters,” said Spencer Zwick, Romney’s national finance chairman. 

“To them, whether they are Republican, Democrat, Independent, a first time political donor, or a former Obama donor, this is not just a campaign; it’s an opportunity for the country. It is clear that people aren’t willing to buy into ‘hope and change’ again. Voters are making an investment because they believe that it will benefit the country.”

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.