Trump's MAGA Inc. Super PAC Holds $403 Million Amid Midterm Funding Questions
The Trump-aligned super PAC MAGA Inc. reports $403 million on hand but has spent little on the 2024 midterms, prompting GOP leaders to question whether the funds will be deployed in individual races.
The super PAC supporting President Donald Trump, MAGA Inc., disclosed a cash balance of $403 million as of July 31, according to filings. Despite promises that the money would be used to bolster Republican candidates in the upcoming midterm elections, the PAC has made only limited expenditures so far.
Reports indicate that Trump has ordered a series of television ads highlighting his record, intended to appear alongside ads for individual House and Senate contests. GOP officials have expressed concern that the timing is late in the campaign cycle. The Washington Post noted that Republican leaders are concluding it may be too late to fully deploy the cash and that Trump may retain much of it for personal purposes.
Texas Senate candidate Ken Paxton, who faces a competitive race against Democrat James Talarico, is identified as a primary beneficiary of the PAC’s resources. Senate Majority Leader John Thune told Fox News that the party will need “the president and his team” to get involved, while Senator John Kennedy said he hopes the president will spend “$100 or $200 million in Texas.” Former White House strategist Karl Rove warned that without Trump’s intervention, the race could turn against Republicans.
The Republican National Convention is scheduled for next week in Dallas, with Trump slated to speak on both nights, a change from his original plan to appear only on the second night. GOP strategists say the convention will focus on tax cuts, border security, and a stock-trading ban for members of Congress.
In other election news, 80-year-old Senator Ed Markey won the Massachusetts Democratic primary, defeating Rep. Seth Moulton. Meanwhile, two House Democrats, Rep. Marie Gluesenkamp Perez and Rep. Jared Golden, broke with their party on a procedural vote to advance a lobster-industry bill, inadvertently enabling a Republican-backed messaging measure.
Army Secretary Dan Driscoll submitted his resignation after months of tension with Pentagon chief Pete Hegseth, a move reportedly discussed with Trump, who encouraged Driscoll to stay.
Senator Ted Cruz is reportedly gauging interest for a potential 2028 presidential bid, positioning himself as a pre-Trump conservative alternative.