Campaign Finance ‘Reformers’ Open the Floodgates

• By David Arkush and Craig Holman
• Special to Roll Call
• June 5, 2008, Midnight

The presumptive presidential nominees, Sens. John McCain (R-Ariz.) and Barack Obama (D-Ill.), are exploiting a major loophole in the campaign finance law. Both Senators are setting up joint fundraising committees that allow the wealthy to donate $70,000 or more on behalf of their campaigns.