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    Friday, July 1, 2016

    Trump Said He Forgave $45 Million Campaign Loan But No Paperwork Yet

    We've already documented the trouble that the Trump campaign has had raising money and now we may know why some big-pocketed Republican donors may be staying away, besides his race-baiting, nativist policies and general lack of policy knowledge.  Last week, Trump announced with great fanfare that he was forgiving the $45 million loan he had given his campaign. By doing this, he hoped to encourage donors who were worried that their money would just go to paying off Trump's loan rather than building a credible Presidential campaign. But the Trump campaign has refused to release any paperwork showing that the appropriate forms to forgive the loan were filed with the Federal Election Commission (FEC). And without that paperwork, we all have to wait until next month's FEC report coming out on July 20, which happens to be right in the middle of the GOP convention, to see whether Trump has been true to his word. And I'm guessing that plenty of potential donors are waiting to see that as well.

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