||"A historical political resource."
Kyl may seek an exemption to add cash to his war chest
|Last Edited||particleman Aug 23, 2006 01:04am|
|Media||Newspaper - Arizona Republic (Phoenix)|
|News Date||Wednesday, August 23, 2006 09:00:00 AM UTC0:0|
|Description||Faced with a wealthy challenger who has spent millions on television and radio ads, U.S. Sen. Jon Kyl has asked election authorities to exempt his campaign from federal fund-raising limits. |
Kyl, a Republican, already holds a 2-1 fund-raising advantage over Democratic shopping mall developer Jim Pederson, and the race is shaping up as the most expensive in Arizona history.
But if the Federal Election Commission grants Kyl's wish, he will be able to return to donors who already have given his campaign more than $11 million and request up to six times more. Kyl made the request last week, and the FEC has 60 days to issue an advisory opinion. advertisement
At issue is the FEC's so-called millionaire's amendment, designed to prevent wealthy candidates from buying office and passed as part of the McCain-Feingold campaign finance reforms of 2002. The amendment allows candidates competing against self-financed challengers to dramatically increase the amount of money they can accept from donors and political committees.
The problem is, Kyl and Pederson are not yet officially opponents because they have not yet been nominated in their respective Sept. 12 primary elections, although neither has a primary opponent. That has allowed Pederson to spend over $4 million of his own money against Kyl so far without triggering the amendment.