What does it mean when Clinton says she is “on loan” funds for the campaign? Who pays the loan?
I do not understand how the process works. Normally, a loan that someone is responsible for paying it. I continue to hear the news that they are “loans” money to his campaign. Win or lose, those who pay “the zurück.Wenn money coming from the part that is where the money comes. Can you educate me in the process. Thanks.
March 4th, 2010 at 9:53 am
If I understand this correctly, it means she is taking money from her own pocket to fund the ongoing campaign. The term “loan” here I believe is in place for tax reporting purposes. So, if she “loans” herself money, she will receive a tax benefit when she files. If she just donated or gave herself the money, there would be no tax benefit, and no tax deduction.
March 4th, 2010 at 10:18 am
The campaign is a separate entity from the individual candidate. She can loan the campaign funds from her personal wealth. The campaign continues to raise funds…the campaign can use those funds to repay debts including the loans Clinton advanced.
March 4th, 2010 at 11:05 am
SHE IS FABRICATING SHE’S PROBALLY POURING MONEY INTO HER HUSBAND CAMPAIGN CANT EDUCATE YOU ON SOMETHING THAT DOES NOT EXIST!!!!
March 4th, 2010 at 11:20 am
The funding for a candidates campaign comes from her campaign organization – “Hillary for President, Inc”, or whatever it is called. This organization collects contributions and spends them. The candidate herself in this case has lent personal money to the campaign, hoping that it will be able to collect enough money to pay her back.
After an unsuccessful election campaign, candidates are often left fund raising for years trying to collect enough money to pay off campaign debts.
Richard
March 4th, 2010 at 11:33 am
She could out and out “donate” those funds, but if they raise enough money (and long after the campaign is over, they can continue to ask for funds), then she gets to get some or all of that back, if they have their bills paid and money still in the campaign bank.
If they don’t raise enough, they write that off and it essentially becomes a “donation.”
I’m also quite sure it’s part of the spinning of the state of the campaign, since I heard they don’t include those personal loans from herself as part of their outstanding debts, when they report their fundraising.
If they look like they’re mired in deep debt, it makes it that much harder to get others to pony up and give.