
President Trump is pledging to allocate up to $500 million from his super PAC to support Republican candidates in the November midterms.
He delivered the comments while speaking to reporters in the Oval Office, reports CNBC.
“I think I have like close to a billion dollars in the super PAC, and I’m allocating probably four or $500 million. We’re going to spend a lot of money because we don’t want to lose our country.”
MAGA Inc. reported $403.45 million in cash on hand as of July 31st, according to its latest Federal Election Commission filing. The political action committee has been relatively restrained with its spending, shelling out roughly $21 million since the start of 2025, including about $1.7 million on independent expenditures.
Despite that, the pro-Trump PAC holds more cash than any of the major party committees, according to the Associated Press.
The group has started spending in key battleground states, including funding an event in Michigan this week featuring Vice President JD Vance. But with less than two months remaining before the election, MAGA Inc. has yet to come close to deploying the level of spending Trump outlined Friday.
The hybrid PAC can make unlimited independent expenditures but cannot contribute directly to candidates.
Trump said he would personally direct the spending toward winnable races and that some funds are expected to remain after November.
“I’m going to spend whatever amount of money necessary to try and help us. This is my money that I control… I’m going to help a lot of the congressmen and senators that need help.”
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post President Trump Pledges Up to $500,000,000 from Super PAC for Midterms appeared first on The Daily Hodl.


