Trump’s filing undercuts claims of self-funding
Donald Trump is not self-funding his campaign as he claimed.
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, until 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.
The campaign could convert any or all of the loans to a donation with the stroke of a pen.