McCain Used Wife’s Jet

NYT: McCain got break using wife’s jet

Use of exemption is legal, but he had said he wouldn’t tap her wealth
The New York Times

function UpdateTimeStamp(pdt) { var n = document.getElementById(“udtD”); if(pdt != ” && n && window.DateTime) { var dt = new DateTime(); pdt = dt.T2D(pdt); if(dt.GetTZ(pdt)) {n.innerHTML = dt.D2S(pdt,((‘false’.toLowerCase()==’false’)?false:true));} } } UpdateTimeStamp(‘633448575302500000’);

Given Senator John McCain ’s signature stance on campaign finance reform, it was not surprising that he backed legislation last year requiring presidential candidates to pay the actual cost of flying on corporate jets. The law, which requires campaigns to pay charter rates when using such jets rather than cheaper first-class fares, was intended to reduce the influence of lobbyists and create a level financial playing field.

But over a seven-month period beginning last summer, Mr. McCain’s cash-short campaign gave itself an advantage by using a corporate jet owned by a company headed by his wife, Cindy McCain , according to public records. For five of those months, the plane was used almost exclusively for campaign-related purposes, those records show.

Mr. McCain’s campaign paid a total of $241,149 for the use of that plane from last August through February, records show. That amount is approximately the cost of chartering a similar jet for a month or two, according to industry estimates.

The senator was able to fly so inexpensively because the law specifically exempts aircraft owned by a candidate or his family or by a privately held company they control. The Federal Election Commission adopted rules in December to close the loophole — rules that would have required substantial payments by candidates using family-owned planes — but the agency soon lost the requisite number of commissioners needed to complete the rule making.>>>>

Advertisements
  1. December 5th, 2011
    Trackback from : foreclosure credit repair
  2. December 7th, 2011

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: