Trump pledges up to $500 million in super PAC midterm spending

President Trump is pledging to allocate up to $500 million from his super PAC to support Republican candidates in the November midterms. Trump made the comments while speaking to reporters in the Oval Office. He said he had close to $1 billion in the super PAC and would allocate about $400 million or $500 million. MAGA Inc. reported $403.45 million in cash on hand as of July 31st in its latest Federal Election Commission filing. The PAC has spent roughly $21 million since the start of 2025. That spending includes about $1.7 million on independent expenditures. The Associated Press said MAGA Inc. holds more cash than any major party committee. MAGA Inc. has started spending in key battleground states. The PAC funded an event in Michigan this week that featured Vice President JD Vance. Less than two months remain before the election. MAGA Inc. has not approached the spending level Trump outlined Friday. The hybrid PAC can make unlimited independent expenditures. It cannot contribute directly to candidates. Trump said he would personally direct the spending toward winnable races. He said some funds are expected to remain after November.