The race is now officially on with Ted Cruz being the first to officially announce that he is running for the Presidential elections in 2016.
Texas Senator Ted Cruz, who is known for being a strong conservative and for also clashing with leaders of his own Republican party on a regular basis, has become the first to announce his running for the White House.
According to Reuters, Cruz is expected to announce his candidacy at Liberty University, an evangelical Christian school in Virginia tomorrow, according to an aide, giving the Tea Party favourite a head start on what is likely to be a crowded field of Republican White House contenders.
44 year old Ted Cruz, has built a reputation for his strong conservative principles and it is widely expected that he will run his candidacy based on him being a reliable candidate who will be pushing for small government.
According to Reuters Ted Cruz said: “We need to look to people who walk the walk and don’t just talk the talk,” during the Conservative Political Action Conference in February.
At the moment there ae more than a dozen potential candidates lining up for the presidential race as they all work on building up support and donors in the states of Iowa and New Hampshire.
While Ted Cruz has put himself forward already, other candidates are unlikely to officially announce their running for president until April, giving them more of an opportunity to raise more money for their campaigns for as long as possible.
While holding off for more funding may be a good idea for most, being the only one to be officially in the race at the moment means that Ted Cruz will be able to get unrivalled media attention being the only person who has stepped forward so far.
However, Reuters points out that once he has declared his candidacy, his political operation will face more legal restrictions. He will have to file a fundraising report in mid-April, for example, while others will not have to disclose their finances until mid-July.
The repot adds that while non-declared candidates like former Florida governor Jeb Bush can solicit million-dollar checks for their political organizations, Cruz will not be able to ask supporters for more than $5,400, the maximum contribution allowed for candidates.