What is the Romney Victory fund? How can it take such large donations? (Up to 75K.)

[pnwmom]

The letter purportedly came from Romney, asking for donations to this fund (or to MittRomney.com/mailing) -- in an amount up to $75K.

How can Romney ask for so much? I thought PACS were supposed to operate independently from candidates, and that candidates were limited to much lower amounts.

[godai]

1. From the website...they divide it many ways.

Contributions to Romney Victory, Inc. (“RV”) are not tax deductible for federal income tax purposes. RV is a joint fundraising committee composed of Romney for President, Inc. (“RFP”), the Republican National Committee (“RNC”), the official Republican Parties in four states (the Idaho Republican Party, the Massachusetts Republican Party, the Oklahoma Leadership Council, and the Vermont Republican Federal Election Committee), the National Republican Senatorial Committee, and the National Republican Congressional Committee. Proceeds shall be allocated by the following formula:

Individuals and non-multicandidate PACs - The first $2,500 will go to RFP’s general account. Prior to August 31, 2012, the next $2,500 will go to RFP’s primary account. Beginning on August 31, 2012, should Romney for President have primary debt, that next $2,500 will go to RFP’s primary debt retirement account. The next $30,800 will go to the RNC. The remaining amount will be split evenly among the federal accounts of the Republican Parties of Idaho, Massachusetts, Oklahoma, and Vermont, up to a maximum of $10,000 per committee.
Multicandidate PACs - The first $5,000 will go to RFP’s general account. Prior to August 31, 2012, the next $5,000 will go to RFP’s primary account. Beginning on August 31, 2012, should Romney for President have primary debt, that next $5,000 will go to RFP’s primary debt retirement account. The next $15,000 will go to the RNC. The remaining amount will be split evenly among the federal accounts of the Republican Parties of Idaho, Massachusetts, Oklahoma, and Vermont, up to a maximum of $5,000 per committee.