The Washington Post’s John Solomon takes a critical look at John McCain’s fund raising, noting that he’s enlisting some of the same donors and fund-raisers he once targeted in his efforts at campaign finance reform.
First among them is Univision’s Jerry Perenchio, right, the press-shy media mogul who has been one of the GOP’s most prolific donors this decade. About 18 months ago, McCain had gone to court to try to stem the influence of “527” groups, one of which Perenchio had given $9 million for voter ads. Now Perenchio is co-chairman of McCain’s finance committee.
McCain is still trying to limit 527 groups, which act independently of a candidate’s campaign yet can raise unlimited amounts from individuals for political activities. (The number 527 refers to the IRS tax code). But a spokesman tells the Post that both parties should have a “level playing field.”
The Post story also points out that Perenchio’s Chartwell Foundation in 2002 gave $100,000 to the Reform Institute, a non profit that McCain co-chaired that was seeking to end big political donations. McCain at the time was chairman of the Senate Commerce Committee, which regulates broadcasters including Univision.
The irony is that Perenchio is about to finalize the sale of Univision to a private equity consortium that includes Haim Saban. He, of course, is one of Hillary Clinton’s top fund-raisers.