President Donald Trump’s flagship super PAC, MAGA Inc., spent $277 million from early September through mid-October to support Republican candidates in the 2026 midterm elections, according to recent Federal Election Commission filings.
The spending included transfers of $200 million to No Going Back PAC and $25 million to Safety & Affordability PAC. MAGA Inc. also spent about $34 million directly on its own advertisements, primarily attacking Democratic candidates such as Texas state Rep. James Talarico in the Senate race.
MAGA Inc. raised an additional $25 million during the same period from major donors, including roofing company founder Diane Hendricks, who contributed $5 million for a cycle total of $30 million; real estate developer Stephen Wynn, who gave $8 million; and Blackstone CEO Stephen A. Schwarzman, who donated $5 million. Other contributors included divisions of Geo Group and several private equity and business figures.
Since its launch shortly after Trump’s 2024 reelection victory, the super PAC has raised approximately $449 million, an unprecedented amount for a second-term president’s political operation. Trump stated on Truth Social that his political network had committed over $400 million to the midterms, with $300 million already spent on advertising, voter contact, rallies, and election monitoring.
The funds have targeted key contests, including at least $36 million in the Texas Senate race between Republican Ken Paxton and Democrat James Talarico. Additional spending supported Republican candidates in multiple House districts across states such as Florida.
MAGA Inc. entered the spending period with over $415 million in cash on hand. After the outflows, the operation retained about $164 million, while the broader network of affiliated groups maintained substantial reserves for the final weeks before Election Day.
Republican outside spending overall has given the party a financial edge in several battlegrounds, complementing efforts by other conservative groups and donors.
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