LinkMcCain taps cash he sought to limitOnetime campaign finance reformer calls on big donorsBy John Solomon
Updated: 7:52 a.m. ET Feb. 11, 2007Just about a year and a half ago, Sen. John McCain went to court to try to curtail the influence of a group to which A. Jerrold Perenchio gave $9 million, saying it was trying to "evade and violate" new campaign laws with voter ads ahead of the midterm elections.
As McCain launches his own presidential campaign, however, he is counting on Perenchio, the founder of the Univision Spanish-language media empire, to raise millions of dollars as co-chairman of the Arizona Republican's national finance committee.
In his early efforts to secure the support of the Republican establishment he has frequently bucked, McCain has embraced some of the same political-money figures, forces and tactics he pilloried during a 15-year crusade to reduce the influence of big donors, fundraisers and lobbyists in elections. That includes enlisting the support of Washington lobbyists as well as key players in the fundraising machine that helped President Bush defeat McCain in the 2000 Republican primaries.
Once led fight against ‘soft money’After enduring his own brush with scandal in the early 1990s, when he and four Senate colleagues pressured regulators on behalf of Charles Keating, chairman of a failed savings and loan association, while collecting donations and favors from him, McCain became a leader in the effort to eliminate "soft money" in elections -- large donations from corporations, labor unions and wealthy individuals. In 2002, McCain joined forces with Sen. Russell Feingold (D-Wis.) to finally push through legislation ending soft money and placing strict limits on donations.
But now the contrast between McCain the presidential candidate and McCain the reformer can be jarring. McCain's campaign says that he is still studying whether to forgo the public financing and spending limits he has long supported, but that he will not be handicapped by restrictions his competitors will not face in 2008.
McCain the reformer worked unsuccessfully through Congress and the courts to try to stop nonprofit political groups known as 527s from using unlimited donations to run political ads and fund other activities aimed at influencing voters in the run-up to elections. He reintroduced legislation last week to end 527 donations, but there appears to be little appetite in Congress to pass it.
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