Ted Cruz Super-PAC Has Just One Donor

But he gave a lot of money.

Jerry Mennenga/Zuma

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A super-PAC backing Ted Cruz called Keep the Promise II just filed its campaign disclosure, and it stands rather in contrast with the filing this morning from Jeb Bush’s super-PAC. Right to Rise, the Bush-backing super-PAC, revealed a list of donors that included anonymous shell corporations, 28 former ambassadors, and hundreds of wealthy and moneyed elite from around the country, requiring this reporter to do plenty of math to determine how much came from big donors and how much came from very big donors. Keep the Promise II’s disclosure is much simpler.

One guy gave $10 million.

That’s it.

Although the super-PAC raised more money than the actual campaigns of 14 of the 20 declared major candidates, there were no other donors.

The guy’s name is Toby Neugebauer. He is the billionaire founder of a private-equity firm, and his father is Congressman Randy Neugebauer (R-Texas).

To be fair, it’s one of at least three super-PACs backing Cruz. The others have not yet filed their reports, but will likely list donors other than Neugebauer.

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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