Trump's political operation has stockpiled a massive amount of cash ahead of the midterms
Having millions of dollars at Trump's disposal — an unheard of amount for a sitting president who cannot run again — could allow him to become one of the biggest single players in next year's midterms, alongside longstanding GOP stalwarts like the Congressional Leadership Fund and Senate Leadership Fund. Trump could boost his preferred candidates in GOP primaries, or flood the zone in competitive general election races in an effort to help Republicans keep control of Congress.
Trump has a smattering of political groups. His primary joint fundraising committee, Trump National Committee, spent $17 million on operating expenses while transferring just over $20 million each to the Republican National Committee and Never Surrender. A range of other political groups, including his former campaign committees from his 2016 and 2020 presidential bids, continue to spend relatively small amounts of money and get transfers from older joint fundraising committees, but largely are not involved in building up his cash.
Trump's primary leadership PAC now is Never Surrender, which was converted from his 2024 campaign committee. It ended June with $38 million cash on hand, after spending $16.8 million, the majority of which was expenses lingering from Trump's campaign last year.
MAGA Inc., the primary pro-Trump super PAC, reported a whopping $196 million cash on hand, after spending only a few million dollars.
The group, which does not face donation limits, benefited from fundraisers featuring Trump and Vice President JD Vance this spring. It raised money from a range of longtime GOP megadonors and cryptocurrency interests:
The super PAC also received some donations made in bitcoin. Trump signed a landmark cryptocurrency bill favored by the industry in June, and his business empire has quickly expanded its crypto interests.
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