Friday, April 04, 2008

McCain returns $3m in checks as he considers public funding

Boston.com

In another sign that John McCain is moving toward accepting public financing this fall, the Republican's campaign is returning about $3 million in checks to contributors who have given money for his general election campaign, funds he could not use if he opts into the public system.

McCain's campaign, in letters to contributors, is asking supporters to write new checks to a special fund created to help the Arizona senator pay legal and accounting expenses related to compliance with the public funding system.

The move is largely procedural, and McCain's campaign said yesterday that it has not yet decided whether to accept public funding or to raise money on its own for the November presidential election. But the decision to return checks - which was made as the Democratic candidates announced raising $60 million combined in March, nearly as much as McCain had raised for the entire campaign through February - indicates that McCain is laying the groundwork for doing so.

"Senator McCain has made it clear that he expects to participate in the general election public financing system, and he hopes the Democratic nominee will do so as well," Brian Rogers, McCain spokesman, said in a statement. "The campaign reserves the right to change course, but these developments reflect our current plans."..........

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