General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCan a candidate such as Trump keep all contributions to his campaign after the election?
Trump is already contemplating losing this fall and if he does, he is "going to have a very, very nice long vacation.". Paid for and more by his supporters maybe?
The Velveteen Ocelot
(115,869 posts)which is a separate entity; and the funds have to be reported to the FEC. Trump is already making bags of money from his candidacy because the campaign hires only his hotels and vendors to supply services.
safeinOhio
(32,727 posts)Draws a pay check from it.
Travis_0004
(5,417 posts)And he is not paying himself. If he was it would be in his FEC report.
Hortensis
(58,785 posts)last I heard, so his campaign will be able to pay him back from donations (and I wonder if he's already done that). I believe that remaining donations can be saved for him to run for another office in 2018 and that he can donate them to other candidates for office.
Peregrine
(992 posts)The campaign, and they will be paid back with interest. He is this to make money.
former9thward
(32,082 posts)Who is going to pay him back?
pinboy3niner
(53,339 posts)The campaign is required to pay its obligations, incuding debts to the candidate and companies he owns or contols.
He cannot legally convert campaign funds to his own use, but debts to him and his companies may be paid. Who is going to pay him back? The campaign, duh!
former9thward
(32,082 posts)So he is going to pay himself back with his own money? That makes no sense. Two things. Many campaigns end in debt and never pay back their creditors. Second his companies are not supplying any money to the campaign. It is illegal for companies to donate to federal campaigns. Any money is coming from him personally.
duncang
(1,907 posts)All of this is conjecture. But he did say he was the best at gaming the system.
The loan he gave can go straight back in to his pocket. One thing to I wonder is what are the terms on the loan itself? Is he charging interest to the campaign? Also I'm pretty sure the campaign can keep all the money left over from he raised and say they are thinking about another run for office. Doing that he could slowly siphon it off saying it is being used for exploratory studies for another office run. He wouldn't be able to pay for a vacation unless it was some how justifiable as campaign related for future campaigns.
jamese777
(546 posts)According to the FEC, if a candidate does have money left over in their campaign war chest they can contribute the dollars to a charity, return the money to contributors, hold on to it for a future election, or donate it to their designated party.
In the old days (the 1980s), candidates could keep the money. Campaign funds were more like retirement accounts or slush funds than actual campaign funds.
It's one of the very few ways we've actually cleaned up politics.
Hortensis
(58,785 posts)lindysalsagal
(20,733 posts)Think of the poor people who sent him money believing he was going to change washington.
uponit7771
(90,364 posts)Maeve
(42,288 posts)He also pays family businesses to work for the campaign (again, for high rates) and you can bet he pays them first. Altho he claimed the loans he made the campaign have been converted to donations, the last I heard they had not been, per FEC filing.