Daily Kos

So Much for "Reform"

Tue May 13, 2008 at 01:27:15 PM PDT

McCain is in western Washington today, and doing what all Republicans visiting the area do; stopping by the well-heeled Seattle suburb of Bellevue for a fundraiser. And, as Goldy notes, in the great tradition of Mr. Campaign Finance Reform Maverick McCain, he's stretching the law to the limit.

He's having a $33,100 per plate. How does one arrive at a figure like $33,100?

  • For Individuals—The first $2,300 to JM 2008, the next $2,300 to the Compliance Fund, the next $28,500 to the RNC, and the balance of up to $37,000 will be divided evenly between the Colorado, Minnesota, New Mexico, and Wisconsin state parties’ federal accounts.
  • For Couples—The first $4,600 to JM 2008, the next $4,600 to the Compliance Fund, the next $57,000 to the RNC, and the balance of up to $74,000 will be divided evenly between the Colorado, Minnesota, New Mexico, and Wisconsin state parties’ federal accounts.

As Goldy notes, the RNC and the federal committees of state parties can raise unlimited funds, and they can spend all those unlimited funds on McCain. So while just $2,300 of that ticket cost is going directly to his campaign coffers, the rest is going to be laundered through the states and the RNC and will end up, yup, in his campaign coffers.

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Tags: John McCain, 2008, money, campaign finance reform (all tags) :: Previous Tag Versions

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