MAGA Inc, a super political action committee aligned with President Donald Trump, has built up a financial stockpile exceeding $400 million — money that Republican allies are counting on to help defend their congressional majorities in the November midterm elections.
According to a filing with the Federal Election Commission, the group started the year holding $300 million and grew that figure to more than $400 million by the close of June.
Among the notable contributions recorded in June, NASA administrator Jared Isaacman donated $1 million to the group. Billionaire brothers Tyler Winklevoss and Cameron Winklevoss combined for a $10 million contribution, which the filing indicated was funded by liquidating bitcoin holdings.
As the midterm cycle heats up, Republicans currently hold slim majorities in both the House of Representatives and the Senate. The party is working to protect those margins heading into the fall vote.
MAGA Inc was a major financial force in the 2024 elections as well, spending close to $377 million during that cycle — a campaign Trump ultimately won.
Despite the fundraising momentum, Trump’s approval ratings have faced pressure in recent months. Polling has been dragged down by public opposition to the U.S.-Israeli war on Iran, as well as elevated energy prices affecting households across the country.
