- Sat May 21, 2016 11:52 am
#72111
Trump Could Still Use Campaign Donations to Pay Himself Back for $36M Loan After Saying He Wouldn't
Donald Trump insists he personally funded his primary campaign, but a new report filed by his presidential campaign tells a different story.
Trump has now spent a total of $43 million, according to his filing with the Federal Election Commission made available Saturday, and all of it is still structured as a loan to the campaign. That means he can be legally reimbursed for his spending, with new campaign donations, after August.
When NBC News reported on that option last week, Trump responded by saying he had "absolutely no intention of paying myself back for the nearly $50 million I have loaned the campaign."
He added that the loans were "a contribution," and aides told NBC News the campaign would soon convert the loans to donations.
The campaign's new report, required by federal election law, reveals that contrary to Trump's statement, his campaign continues to treat the money as a loan — not a contribution.
Donald Trump insists he personally funded his primary campaign, but a new report filed by his presidential campaign tells a different story.
Trump has now spent a total of $43 million, according to his filing with the Federal Election Commission made available Saturday, and all of it is still structured as a loan to the campaign. That means he can be legally reimbursed for his spending, with new campaign donations, after August.
When NBC News reported on that option last week, Trump responded by saying he had "absolutely no intention of paying myself back for the nearly $50 million I have loaned the campaign."
He added that the loans were "a contribution," and aides told NBC News the campaign would soon convert the loans to donations.
The campaign's new report, required by federal election law, reveals that contrary to Trump's statement, his campaign continues to treat the money as a loan — not a contribution.
