More than four years after the fact, John McCain the senator is benefiting big time from John McCain the presidential candidate.
That’s because the McCain-Palin Compliance Fund Inc. of a presidential election more than four years distant transferred $819,200 this winter to the Arizona Republican’s U.S. Senate campaign committee, according to a document filed today with the Federal Election Commission.
Cash transfers between established political committees are in general, legal, and McCain for several years after the 2008 election routinely shuttled funds among the several political committees under his watch. They include his 2008 presidential committee, a Senate committee, joint fundraising committees and a leadership political action committee.
But the McCain-Palin Compliance Fund was supposed to raise private dollars to pay for legal and accounting costs associated with McCain complying with presidential campaign finance rules.
It now will ostensibly fuel a Senate re-election bid, which would next come in 2016 for the 76-year-old senator.