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Stephen Colbert: $uper PAC-man

NEED TO KNOW
  • Comedian Stephen Colbert's super Political Action Committee has raised more than $1 million
  • 'Yeah! How you like me now, F.E.C? I'm rolling seven digits deep!' he says in a letter

He may not be “running” for president, but his bank account sure makes it look like he is (well, maybe a House race).

Funnyman Stephen Colbert’s super Political Action Committee -- “Americans for a Better Tomorrow, Tomorrow” -- has taken in $1,023,121.24 worth of donations as of today.

And the Federal Election Commission just got the Colbert treatment.

'’Yeah! How you like me now, F.E.C? I'm rolling seven digits deep! I got 99 problems but a non-connected independent-expenditure only committee ain't one!” he said in a letter to the body.

In a statement posted on the super PAC's website, Colbert says the money was raised "in full accordance with the law” and “it’s the way our founding fathers would have wanted it, if they had founded corporations instead of just a country.”

So who gave? And what’s a super PAC anywho?

My number-crunching colleague Charles Riley at CNNMoney breaks it down:

  • The disclosure form finds that $825,475 was donated through December 31. That means he raised nearly $200K in January alone!
  • $500 came from Gavin Newsom with the occupation listed as “California Lieutenant Governor”
  • Actor Bradley Whitford gave $250.

(CNNMoney could not confirm if the actual Gavin Newsom and Bradley Whitford, star of "The West Wing," actually gave the money).

  • A Rolling Stones tribute group called the Sticky Fingers Band gave $400.

Okay, so now that you know who gave, the big question is what Colbert will do with all that money. The answer? Basically, anything he wants to do with it.

Colbert’s super PAC can accept unlimited amounts of money from really anyone -- corporations, unions, associates and individuals -- to advocate for or against a candidate. So has he? Yup. Colbert recently hit the campaign trail ahead of South Carolina’s January 21 GOP primary, and his super PAC ran ads that called Mitt Romney, “Mitt the ripper.”

"If Mitt Romney really believes corporations are people," the ad said, "then Mitt Romney is a serial killer." 

 

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