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New McCain Fund Gets Around Donation Limits
Wall Street Journal ^ | April 19, 2008 | Elizabeth Holmes

Posted on 04/19/2008 9:38:07 AM PDT by calcowgirl

To help ease their fund-raising woes, John McCain’s campaign has devised a new system to increase the maximum amount an individual can donate to the unofficial Republican nominee’s election efforts.

Campaign manager Rick Davis released the details of the “McCain Victory 08” fund on Friday. He said the entity is a joint committee, combining the McCain campaign, the Republican National Committee and four key states under a “hybrid legal structure.”

The idea is to tap donors for more than the $2,300 limit set by campaign finance laws. Under legislation pushed by McCain in his role as a senator from Arizona, an individual can donate a maximum of $2,300 to a presidential primary campaign and the same amount to the general election campaign. ...

The new structure allows up to $70,000 in individual contributions by channeling the money into different McCain-centric funds. The first $2,300 of that would go to McCain’s primary campaign. The Republican National Committee would receive $28,500 of the donation. The remaining funds would be divided equally, up to $10,000 a piece, among four states the campaign has designated as battlegrounds for November: Wisconsin, Minnesota, Colorado and New Mexico.

... The campaign also has individual Victory Fund programs in California, Ohio and Florida. Each of those states can also receive a maximum of $10,000 from an individual, Davis said.

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: 2008; cfr; elections; fundraising; johnmccain; mccain
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1 posted on 04/19/2008 9:38:08 AM PDT by calcowgirl
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To: calcowgirl

The idea is to tap donors for more than the $2,300 limit set by campaign finance laws.

Every day McCain gives me another reason to not vote for him.


2 posted on 04/19/2008 9:43:53 AM PDT by freedomfiter2 (It's too bad I've already promised myself to never vote for McCain.)
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To: calcowgirl
So, now we know (as if we didn't already) that McCain Feingold was about something other than principled opposition to big money in politics...
3 posted on 04/19/2008 9:45:13 AM PDT by Kay Ludlow (Free market, but cautious about what I support with my dollars)
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To: calcowgirl

He would not have a need to go after the big donors if he hadn’t booted the grassroots conservatives to the curb.


4 posted on 04/19/2008 9:46:32 AM PDT by FreeInWV
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To: calcowgirl
To help ease their fund-raising woes, John McCain’s campaign has devised a new system to increase the maximum amount an individual can donate to the unofficial Republican nominee’s election efforts.

I can think of a few other words that would fit nicely in place of 'devise'.... that Constitution does seem to fit some more than others... especially when some take the power to alter... Now why should liberals he held to a higher standard???

5 posted on 04/19/2008 9:52:31 AM PDT by Just mythoughts (Isa.3:4 And I will give children to be their princes, and babes shall rule over them.)
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To: calcowgirl
Could this development be channeled into an admission that McCain-Feingold is bad law and should be repealed?

Just as I cheered Stephanopoulos when he asked Obama about his relationship with William Ayres, I would cheer the reporter who asks that question of McCain in the general election debates.

McCain is sure doing little to earn conservative votes...

6 posted on 04/19/2008 9:52:46 AM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: calcowgirl

McCain’s CFR really worked well, didn’t it?


7 posted on 04/19/2008 9:52:58 AM PDT by Mad_Tom_Rackham ("The land of the Free...Because of the Brave")
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To: calcowgirl

Ahh, yes, the man who supposedly ended “big money” donations, but really neutered the free speech rights of the little folk, has come up with a new creative way to skirt his own cmpaign finance laws?

How Machavellian!


8 posted on 04/19/2008 9:54:14 AM PDT by fetal heart beats by 21st day (Defending human life is not a federalist issue. It is the business of all of humanity.)
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To: calcowgirl
Campaign Finance Reform for thee...but not for me.

What a scumbag John McCain is! Why on earth would anyone think he would be a good president? He is every bit as bad as Obama and Clinton - maybe in different ways - but he is every bit as bad.

9 posted on 04/19/2008 9:57:13 AM PDT by alicewonders (I'm a conservative, and I'm hated by the GOP & the Dems - I must be doing something right!)
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To: calcowgirl; The_Republican

So Mr. McCainiac, how do you support this??


10 posted on 04/19/2008 10:12:31 AM PDT by SoConPubbie (GOP: If you reward bad behavior all you get is more bad behavior.)
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To: calcowgirl
Hilarious. Why would McCookoo needs such a fund raising scheme?

He really should be called on this.

11 posted on 04/19/2008 10:21:03 AM PDT by stravinskyrules (Why is it that whenever I hear a piece of music I don't like, it's always by Villa-Lobos?)
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To: alicewonders
What a scumbag John McCain is! Why on earth would anyone think he would be a good president? He is every bit as bad as Obama and Clinton - maybe in different ways - but he is every bit as bad.

EXACTLY!

12 posted on 04/19/2008 10:40:08 AM PDT by c-b 1 (Reporting from behind enemy lines, in occupied AZTLAN.)
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To: calcowgirl

And he gets around the income reporting laws by claiming his wife is some alien money machine not really related to him.


13 posted on 04/19/2008 10:46:50 AM PDT by DManA
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To: Kay Ludlow
So, now we know (as if we didn't already) that McCain Feingold was about something other than principled opposition to big money in politics...

My tag line is looking better every day! There went the moral argument for voting for McCain.

"Hybrid legal structure"? What a maverick!!!

I can't wait to hear the remarks from the McCainiacs.

14 posted on 04/19/2008 10:50:10 AM PDT by Night Hides Not (Forget it...I'll never be able to pull the lever for McCain!)
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To: freedomfiter2
Every day McCain gives me another reason to not vote for him.

Agreed.

Hey, MacCainiacs, further proof that you boy is nothing but a cheap, two-bit political oppurtunist.

15 posted on 04/19/2008 10:51:25 AM PDT by E. Cartman (Those who do not know history are doomed to repeat it.)
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To: Night Hides Not
"Hybrid legal structure"? What a maverick!!!

I can't wait to hear the remarks from the McCainiacs.

Yes, can you imagine how they would condemn Hillary Clinton for doing this?

16 posted on 04/19/2008 10:55:39 AM PDT by alicewonders (I'm a conservative, and I'm hated by the GOP & the Dems - I must be doing something right!)
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To: calcowgirl

McLiar crashes and burns again.

17 posted on 04/19/2008 11:07:16 AM PDT by VRWC For Truth (No mas Juan "Traitor Rat" McAmnesty)
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To: calcowgirl

Won’t McCain get corrupted all over again by all that money?


18 posted on 04/19/2008 11:16:34 AM PDT by gitmo (From now on, ending a sentence with a preposition is something up with which I will not put.)
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To: alicewonders
Yes, can you imagine how they would condemn Hillary Clinton for doing this?

We're screwed. None of the 3 people who will be occupying the WH in 2009 have a clue about economics.

Anybody with a lick of common sense knows the reason for the "pause" in drawing down the troops in Iraq. They're going to start coming home in February 2009, no matter who the President is.

I still think Obama's going to win, because McCain keeps pulling stunts like this "hybrid legal entity". McCain does nothing to inspire enthusiasm in his candidacy, and all he has to fall back on is his biography, i.e. being a POW.

I will shout it from the mountaintops: I respect John McCain for his service and sacrifice to the country. But that does not make him better qualified to be POTUS.

19 posted on 04/19/2008 11:26:17 AM PDT by Night Hides Not (Forget it...I'll never be able to pull the lever for McCain!)
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To: TitansAFC; meandog; onyx; MARTIAL MONK; Kuksool; freespirited; Salvation; furquhart; mossyoaks; ...
Good fundraising news

The McCain List.
Common sense conservatism

20 posted on 04/19/2008 11:46:51 AM PDT by Norman Bates (Freepmail me to be part of the McCain List!)
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