Donald Trump, the presumptive GOP nominee, cancelled the $50 million debt Thursday that his presidential campaign owed to him, making good on his promise to self-fund his run.
“Mr. Trump has fully extinguished (terminated) this loan per his commitment,” the Trump campaign said in a statement.
The campaign said that the billionaire real estate tycoon was living up to the pledge he made in May, when he said, “I have absolutely no intention of paying myself back for the nearly $50 million dollars I have loaned to the campaign. This money is a contribution made in order to ’Make America Great Again.’ “
The debt owed to himself and more than $6 million his campaign paid to Trump businesses in the last quarter, such as rent for use of his resorts for campaign events, had raised eyebrows in political circles.
The campaign said the cancelled debt demonstrated Mr. Trump’s commitment to the country.
“He has personally invested in excess of $50 million dollars in the future of our country. Unlike the all talk, no action politicians that have failed the American people for far too long, Mr. Trump is not beholden to the special interests that have corrupted Washington, D.C.,” said the statement.
SEE ALSO: Donald Trump moves to turn race into Hillary Clinton referendum
“Mr. Trump will continue to put America and our people first,” it said.
The Trump campaign said that, after self-funding in the primary race, a fund-raising operation had been assembled and was successfully raising the money needed to compete with likely Democratic nominee Hillary Clinton.
“Mr. Trump and the campaign have assembled an exceptional fundraising operation, which in recent days has been overwhelmed with contributions for the Republican Party,” the campaign said. “Mr. Trump will continue to ensure the campaign has all of the resources necessary to defeat Crooked Hillary Clinton and the Democrats in November.”
• S.A. Miller can be reached at smiller@washingtontimes.com.
Please read our comment policy before commenting.