Almost one year after Keep the Promise II was founded with a $10 million donation from Toby Neugebauer, an energy investor and son of a Texas Republican congressman, the group he controls still retains almost all of its funds. Questions about the group’s intentions, once whispered and optimistically explained away, are growing.
Neugebauer previously said his group would spend its cash on TV ads in February and March, but it has not done so. He told CNN he is prepared to invest his money in winner-take-all states deeper into the calendar, but declined to be more specific and did not commit to spending the full $10 million he donated.
“I’m proud of what I have done. I think I’ve been a good steward of capital,” he said.
But according to two individuals close to Cruz’s constellation of super PACs, he has discussed the possibility about withdrawing his cash — which while legal, is highly unusual.
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