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McCain Will Not Accept Matching Funds

After struggling for survival last year, John McCain announced that he will accept federal matching funds to keep his campaign alive during the primary season. But, since his newfound success in New Hampshire, money seems to be coming in pretty fluidly and the McCain camp has now sent a letter to the FEC declining matching funds.

“I will make no further requests for matching-fund payment certification and will not accept any matching-fund payments including the initial amount and other amounts certified by the commission in connections with my campaign’s previous submissions,” McCain wrote in a letter to the FEC last week.

McCain was eligible for $5.8 million in matching funds, which he would have received in March had he accepted. Taking the money would have also limit his campaign to a $54 million spending limit for the primary season, which runs through the Convention.