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Trump says MAGA Inc. will spend up to $500 million on 2026 midterms
CNBC • • nation
Key Points:
- President Donald Trump announced plans to allocate up to $500 million from his political action committee, MAGA Inc., to support Republican candidates ahead of the November midterm elections.
- MAGA Inc. currently holds $403.45 million in cash, making it the largest war chest among major party committees, though it has spent only about $21 million so far in 2025.
- Trump emphasized his personal control over the spending decisions and intends to target competitive races with candidates he believes can win, while also considering future use of remaining funds for the 2028 election cycle.
- The funds are not Trump's personal money but come from MAGA Inc., an "unauthorized" hybrid PAC that can finance independent expenditures but cannot donate directly to candidates.
- Trump plans increased campaign activity in the final weeks before the midterms, including multiple stops and support for key Republican candidates such as Sen. Dan Sullivan in Alaska.
