Republican Presidential hopeful Newt Gingrich’s decision to make a run for the nomination has cost some Americans their jobs.
The Center for Public Integrity’s Peter H. Stone breaks the news that the political group American Solutions for Winning the Future is a thing of the past. The 527 group, which raised $52 million in the four years since Gingrich founded it, closed its K Street offices and laid off its final six employees early last month.
American Solutions quietly sent a letter to the Federal Election Commission on Aug. 8 which dissolved their political action committee. The 527, according to an Aug. 18 filing with the IRS cited by Stone, spent $2.9 million in the first six months of the year, but raised just $2.4 million.
When we last checked in with American Solutions, their PAC was raising just $34 per day. A more recent filing from June shows they raised just $3,000.
But American Solutions’ Dan Kotman insisted the main 527 group was doing just fine.
“Our fundraising effort so far this year has been focused on American Solutions the 527 and our first quarter results are comparable to last year’s first quarter, which we are very happy with,” Kotman told TPM in an email.
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