Did Trump Get Paid.back.for Donating His Initial $50 Million Campaign Money
Donald Trump insists he personally funded his main entrada, but a new study filed by his presidential entrada tells a different story.
Trump has at present spent a total of $43 one thousand thousand, according to his filing with the Federal Election Commission made available Sabbatum, and all of it is nonetheless structured equally a loan to the campaign. That means he can exist legally reimbursed for his spending, with new campaign donations, until August.
When NBC News reported on that option terminal calendar week, Trump responded by proverb he had "absolutely no intention of paying myself back for the near $50 1000000 I accept loaned the campaign."
He added that the loans were "a contribution," and aides told NBC News the campaign would presently convert the loans to donations.
The campaign'south new report, required past federal election police, reveals that contrary to Trump's statement, his campaign continues to treat the money as a loan — non a contribution.
The entrada could convert whatsoever or all of the loans to a donation with the stroke of a pen.
Related: Trump Campaign Could Use New Donations to Pay Donald Trump $36M for Loan
Asked about the filing, Trump spokeswoman Hope Hicks told NBC News that "there has been no alter in position" since Trump's argument last calendar week.
The entrada'due south new fundraisers, however, also announced to get out the door open to reimbursing Trump for his loans.
Trump is actualization at his starting time joint Republican National Commission fundraiser next calendar week. According to an invite obtained by the Los Angeles Times, "the invitation notes the showtime $2,700 raised will go to Trump's primary campaign."
The campaign could spend all of the coin it raises for the primary menstruation without using any of it on loans for past spending.
The primary entrada is over, and the campaign'due south only outstanding loan debts are to Trump, not any other parties.
Related: Trump's Message on Super PACS Takes General Election Turn
When asked near that fundraising invitation on Friday, Hicks did not dispute its accuracy, and declined any farther comment.
If Trump does employ new donations to pay himself back for his primary campaign loans, the transaction should be visible in his future FEC filings during the general election.
Trump raised well-nigh $ane.7 million in small contributions last month and had nearly $two.4 million cash on paw.
The federal filings also reinforce how Trump has excelled every bit a candidate while spending less than politicians in either political party.
He has spent a third of the total expenditures of Autonomous front-runner Hillary Clinton's campaign, and he his staff is most x percentage the size of hers. Some of his largest costs in April were substantially unavoidable — travel, legal and election admission — while he continues to spend far less on TV ads or polling than any nominee in the modern era.
Trump has bragged that he doesn't need pollsters to tell him what to say — although he did recently rent one for the general ballot — and that he doesn't need to buy TV ads when he gets so much airtime for free.
Source: https://www.nbcnews.com/politics/2016-election/trump-could-still-use-campaign-donations-pay-himself-back-36m-n578036
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