Campaign Finance Effort Resumes, Without McCain
Posted on Jul 28, 2006
The Arizona senator has withdrawn his co-sponsorship of a public financing bill that he and Sen. Russ Feingold (along with two House reps) had long championed. People close to the situation say McCain dropped his support because he is likely to run for president and may end up not abiding by public financing rules.
We’ve known for some time that McCain has been doing all sorts of unseemly things in an attempt to lock up the nomination.
The quartet of lawmakers behind every major federal campaign finance restriction in the past decade is suddenly missing one of its members.
The elided surnames of the four men, “McCain-Feingold-Shays-Meehan,” have become synonymous with so-called campaign finance reform, but Senator McCain, a Republican of Arizona, is conspicuously absent from the latest effort.
On Wednesday, Senator Feingold, a Democrat of Wisconsin, Rep. Martin Meehan, a Democrat of Massachusetts, and Rep. Christopher Shays, a Republican of Connecticut, introduced a bill to revive the crumbling system for public financing of presidential campaigns.