My, my, what have we here.
McCain’s Law Preserved Loophole for Tribal Contributions
by Amanda B. Carpenter Human Events
01/30/2006
Sen. John McCain (R.-Ariz.), chairman of the Indian Affairs Committee, says the campaign finance reform law he sponsored in 2002 intentionally left open a loophole that allows Indian tribes to make campaign contributions to an unlimited number of candidates for federal office.
Before McCain’s law passed, most Americans were allowed to give an aggregate of only $25,000 to party committees and candidates for federal office in any two-year election cycle. Indian tribes were not subject to that cap. McCain’s law lifted the aggregate-contribution cap to $95,000 for ordinary American contributors, but declined to impose any cap at all on Indian tribes.
When I asked McCain last week why this was the case, he said, “Because tribes are ‘sovereign entities.’ They are treated on a government-to-government relationship, and we’re looking at that whole issue.”
I asked, “But it was an intentional thing?” McCain replied, “Oh yeah. … Because they are ‘sovereign nations’ unquote. We sign treaties with them.”
When I pointed out that the U.S. does not allow contributions from foreign governments, McCain said, “No, we don’t. But they’re American citizens. So, it’s a unique kind of a status.”
http://www.humanevents.com/article.php?id=11961
It’s also quite interesting to note the BIG contributors to McCAin..the same ones Obama gets! Merrill Lynch $
Citigroup Inc
Morgan Stanley
JPMorgan Chase & Co
Goldman Sachs
And the top 5 industries...2nd is LAWYERS, last is ‘conservatives’
http://www.opensecrets.org/politicians/summary.php?cid=N00006424
Still doesn’t make what JD did correct.
It is all moot anyways as JD doesn’t have a chance.