Tancredo Qualifies For Federal Matching Funds
(AP) DENVER Republican presidential hopeful Tom Tancredo has qualified to begin receiving matching federal funds, bolstering his campaign at least through the first group of primaries, a campaign spokesman said Thursday.
The Colorado congressman, who has built his bid on an anti-illegal immigration platform, raised $3.4 million as of Thursday, campaign spokesman Alan Moore said.
"It should extend the campaign through the early primaries," he said. "It all depends on momentum and how we do in Iowa, of course."
In the early 1970s, Congress created a public financing system for presidential elections to reduce dependence on money from individual donors and groups. Primary candidates get a matching amount of public money based on their fundraising.
To qualify, a candidate must collect at least $100,000 with donations that include $5,000 raised in each of 20 states.
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