Image: Mitt Romney
Jim Cole  /  AP
Republican presidential hopeful Mitt Romney talks to the nation's first presidential primary voters during a campaign stop at the Opera House in Derry, N.H., on April 3.
updated 4/10/2007 2:40:34 PM ET 2007-04-10T18:40:34

Hoping to capitalize on his fundraising success, Republican Mitt Romney planned to resume television advertising on Wednesday in early voting Iowa and New Hampshire.

The ad, following up on a round Romney aired immediately after announcing his candidacy in mid-February, targets fiscal conservatives by focusing on his pledge to cap discretionary federal spending other than that dedicated to the U.S. military.

Romney estimates that would save $300 billion over 10 years.

The ad also distinguishes the former Massachusetts governor from his fellow Republican, President Bush, who has only vetoed one bill after more than six years in office. Romney pledges to veto any budget that exceeds his proposed cap.

“I know how to veto. I like vetoes. I’ve vetoed hundreds of spending appropriations as governor,” Romney says in the ad. “And frankly, I can’t wait to get my hands on Washington.”

Spokesman Kevin Madden said the ad will run statewide in both states, but would not provide the specific amount spent on the ad.

While Romney routinely vetoed bills during his four years as governor, those vetoes were almost always overridden by the heavily Democratic Legislature.

Romney announced Monday that he had raised $23 million for his campaign during the first three months of the year, besting the rest of the Republican field and rivaling the $26 million in first-quarter fundraising announced over the weekend by Sen. Hillary Rodham Clinton, D-N.Y.

While Romney’s campaign has spent just more than half of that money, it still had about $11.3 million cash on hand as of March 31.

The new ad will use up some of that reserve, but Romney is planning additional fundraisers this week in Kansas City, Mo., and Indianapolis to help replenish the funds. He spent about $2 million on his first series of ads, designed to introduce the relative political newcomer to a national audience.

The first ads ran in Iowa, New Hampshire, South Carolina, Florida and Michigan.

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