Letter Of Contribution Donation Would You Give A Campaign Donation To Pay Off The Loans Of The Candidate?

Would you give a campaign donation to pay off the loans of the candidate? - letter of contribution donation

As Governor of Illinois Pat Quinn:

"The remarks of the governor came in response to a Tribune report that detailed Quinn is kept alive by pumping such funds into a series of personal loans and then apply to political contributions, it can result in wage rates of around 10 percent . Quinn, who at least $ 24,000 in the interest of the campaign funds he controls to be made, according to documents filed with the Federal Election Commission.

Quinn has spent a total of $ 53,650 in loans at the bottom, the last product next few weeks before his inauguration as governor last year. In return, the Fund has paid at least $ 77,976 in principal and interest payments, as they continue to collect funds from political donors.

Quinn said he reported the payment of interest on his campaign account with him as income on their tax returns for many years and paid taxes on income. He said it was an attempt to repay the loans that they can not afford to forgive.

"A bill to be paid more, and he would do," Quinn said. "Hallelujah".

Statement by Quinn Wednesday was not the first time that promised, the account is closed. In May 2007 the Treasurer of the Fund Quinn wrote in a letter to the Federal Election Commission that the campaign had quickly set a goal of withdrawing most of its outstanding debt in the coming weeks on and off.

Since this letter, however, donors, the fund enjoyed Quinn get an additional $ 38,000 in fees, half because he assumed the governor. "

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