Donald Trump says he’d run a $1bn campaign to get into the White House

Presidential hopeful and business mogul Donald Trump has insisted he is willing to spend big to assume the top job in the White House.

Trump, who is currently competing against 16 other GOP presidential candidates for the Republican Party nomination made the claim to reporters at the Iowa State Fair, according to US Today.

When asked if he would match the spend from both president Obama and Mitt Romney in 2012, Trump said: “I would do that, yeah, if I had to. I make $400 million a year so what difference does it make?

Trump also took the opportunity to take a swipe at Jeb Bush, who like most candidates, relies upon donations: “Jeb Bush is a puppet to his donors. There’s no question about it,”

"He’s got lobbyists, I know them. ... He’ll do whatever they want.”

If outsider Trump does throw his fortune into the campaign, Republican competitors will have to follow suit upping their ad spend in a move which could ultimately provide windfall for the ad agencies in the run up to the 2016 election.

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