Friday, December 18, 2015

Pro-Ted Cruz Groups Are Poised to Spend

Ted Cruz’s image seen near Tuesday’s Las Vegas 
debate site. Getty Images
The super PACs have money to run TV ads just as the senator has gained ground in polls
Sen. Ted Cruz’s allies for months have questioned why his friendly super PACs appeared to be stockpiling their cash, running few television ads while his presidential rivals dominated the airwaves.
Now, with the Texan surging in polls, that approach seems to have left him in a strong position.
Together, the four primary super PACs backing the senator have spent some $2.2 million, or less than 6% of the $38 million they raised in the first half of the year, according to Federal Election Commission records confirmed by a person familiar with the groups’ finances. That leaves them with more than $30 million to spend as the first nominating contest approaches Feb. 1.
Super PACs aren’t required to update their fundraising disclosures until next month.
Rick Tyler, a spokesman for Mr. Cruz’s campaign, said he is happy with the super PACs’ strategy, although he emphasized he has no inside knowledge of it, as he is prohibited from coordinating with the outside groups.
“There will come a time real soon where it’s going to get real expensive fast,” he said. “It would be great to have a lot of money then.”
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