Trump says MAGA Inc. could spend up to $500 million on 2026 midterms

President Donald Trump told reporters in the Oval Office that he intends to allocate roughly $500 million from his political operation to aid Republican candidates as the November midterm elections approach. He said the super-PAC associated with his campaign holds "close to a billion dollars" and that he will spend "whatever amount of money necessary to try and help us."

Federal Election Commission filings show MAGA Inc. had $403.45 million in cash on hand as of July 31, and it has spent about $21 million since the start of 2025, including $1.7 million on independent expenditures. The PAC’s cash reserves exceed those of any major party committee, according to the Associated Press.

The group has begun limited activity in battleground states, such as financing a Vice President JD Vance event in Michigan, but has not yet deployed funds on the scale Trump described. He added that he will personally decide where to direct support, focusing on Republican candidates he believes can win competitive races.

MAGA Inc. is classified as an "unauthorized" hybrid PAC, meaning it can accept unlimited donations for independent spending but cannot contribute directly to candidates. Federal rules do not require the PAC to spend its balance this cycle, allowing any remaining money to be used in future elections, including 2028.

Trump also indicated he will increase campaign appearances, promising to travel to states such as Alaska to support specific Senate and House races.