Donald Trump, billionaire businessman and GOP presumptive nominee, said he would fund his own primary campaign, and he did. Now, Trump switches into Presidential Campaign mode and has started raising money for his bid to the White House. The media has been on Trump’s case over the size of his war chest, but unlike Hillary Clinton, Trump’s money comes from legitimate sources not from foreign interests that want political favors.
Trump just announced that he has forgiven a $50 million loan he made to his campaign. His campaign national finance chair, Steve Munchin, announced that Trump has personally donated the $50 million to help make America great again. Federal Election Commission filings will be done to reflect all of Trump’s fund raising donations. That’s a task that Clinton might find difficult when she tries to account for the money she’s received through the Clinton Foundation.
Conservative Tribune reports:
There have been concerns about the amount of money in presumptive Republican presidential nominee Donald Trump’s campaign war chest in the media recently, but his announcement today might start to put that to rest.
Trump announced that he’s forgiven a $50 million loan he made to his campaign. Trump’s campaign national finance chair Steve Munchin told CNBC on Thursday that the money was a contribution and that the candidate would contribute “significantly more money.”
The Washington Examiner reported that in an official statement Friday the Trump campaign said that the “the money is a contribution made in order to make America great again,’” and that Trump has now “personally invested in excess of $50 million to the future of the country.”