Politics
Trump’s political operation has stockpiled a massive amount of cash ahead of the midterms
President Donald Trump is raking in cash for his political operation, building up funds that could allow him to continue to be a political kingmaker even as he cannot seek reelection.
The president’s primary super PAC brought in a whopping nearly $177 million in the first half of the year, while his leadership PAC raised $28 million, according to filings submitted to the Federal Election Commission late Thursday.
Those two groups alone reported a combined $234 million cash on hand at the end of June, the filings show — a massive sum. And a separate joint fundraising committee had $12 million more in the bank, much of which will later be transferred to other groups in Trump’s political network.
The Trump-linked groups have largely not begun to deploy that cash, instead building up a war chest the president could use next year in primaries or to boost Republicans’ prospects in the midterms. Trump has already shown substantial interest in the 2026 elections, with the White House intervening to encourage some GOP incumbents to run again, pushing potential challengers out of primary fields and asking Texas Republicans to draw new districts with the hopes of gaining seats.
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:
- Jeff Yass gave $16 million
- The pro-Trump dark money group Securing American Greatness gave $13.75 million
- Energy Transfer Partners gave $12.5 million, as did its CEO, Kelcy Warren
- Foris DAX, Inc., a cryptocurrency-linked entity, gave $10 million
- Blockchain.com, a cryptocurrency company, gave $5 million
- Elon Musk, who has publicly feuded with Trump in recent months, gave $5 million
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.
Alaska GOP Sen. Dan S. Sullivan can’t shake his same-name challenger.
Retired teacher Dan J. Sullivan punched a ticket out of the state’s top-four, all-party primary early Wednesday morning. He could now play spoiler in a high-stakes Senate clash between the Republican senator and former Democratic Rep. Mary Peltola that could help swing control of the upper chamber.
Republicans fought and failed to keep Dan J. Sullivan off the primary ballot, arguing he was a Democratic plant designed to boost Peltola. Both Dan J. Sullivan and Peltola’s campaign have denied any coordination.
The senator’s allies have already taken steps to mitigate the second Sullivan’s potential vote siphoning, in some cases running ads using the senator’s middle initial to help differentiate between the same-named candidates.
Supporters of the state’s ranked-choice voting system, which kicks in for the general election, argue the process helps curtail the spoiler effect. But the presence of other candidates could still skew the results of the battleground race. Outside groups flooded the primary with more than $2 million to boost myriad fringe candidates — and could do so again ahead of November.
It’s not smooth sailing for Peltola, either, as she wages an uphill battle to flip a red seat in a state President Donald Trump won by 13 percentage points in 2024. She recently replaced her campaign manager in a staffing shakeup ahead of the primary, among other internal moves.
President Donald Trump notched a major win on Tuesday night. Republicans in battlegrounds wonder if it was the best use of his time and money.
Sen. Darline Graham defeated Rep. Ralph Norman in South Carolina’s snap Senate GOP runoff, handing Trump a revitalizing win after several of his endorsed candidates fell in recent primaries.
It was a victory that Graham, a complete political unknown six weeks ago, could not have pulled off without Trump’s steadfast support, underscoring just how much his influence still matters among the Republican electorate in the deeply conservative state.
But South Carolina’s Senate seat will not dictate the balance of power in Washington, and GOP strategists working on critical swing state campaigns are eager for Trump to finally direct his attention to them.
“The message coming out of this is that obviously the president’s support is still super powerful. The president’s operation still has the ability to move the needle in a lot of these states,” said a Republican strategist working on several battleground races, including in Georgia, who was granted anonymity to speak candidly about Trump’s involvement. “Hopefully, this is a sign of things to come that the president is willing to get involved and really start to move the needle in some other places that obviously matter a little bit more than South Carolina.”
Trump’s persistent backing of Graham defined the race: He championed her appointment to her late brother Sen. Lindsey Graham’s seat, he coaxed her into the race with an early endorsement, stood by her as she stumbled on the debate stage, and flew down to Myrtle Beach for a rare political rally that few of his chosen candidates have enjoyed this cycle. MAGA Inc., Trump’s behemoth super PAC, even spent a slice of highly sought after cash from its $400 million stockpile in the closing days of the race.
And yet, the president hasn’t taken a meaningful step into the states that will matter in a few short months — even as battleground Republicans have been clamoring for him to spend his MAGA Inc. money.
“It’s now or never. It’s put up or shut up time, and it’s really time to start to see if he’s going to get serious,” the GOP strategist said. “You’ve got September and October to really move the needle here, and it just doesn’t seem like there’s any sense of urgency, or like we understand that we are down big in some of these states.”
During her victory speech in Columbia, Graham acknowledged Trump’s heavy hand: “Our victory would not have been possible without you, and we are truly grateful,” Graham said of the president. “South Carolina is truly Trump country.”
Norman’s take on the president’s participation was not as rosy: “The president got involved. He has that right. That’s his prerogative,” Norman said in his concession speech Tuesday, prompting jeers from the crowd at his election night watch party. “Y’all,” he continued, “his policies are good. I never understood why he got in this race. It is what it is, and I’ll accept it.”
Norman’s bewilderment reflected several national and South Carolina Republicans’ confusion as to why the president would expend energy for the safe Republican seat when his MAGA allies like Mike Collins in Georgia, scandal-plagued Ken Paxton in Texas and Michael Whatley in North Carolina are facing tough Senate battles against Democratic opponents.
“There’s the principle,” said a North Carolina-based GOP strategist who was granted anonymity to speak candidly about the battleground picture. “If you’re not Trump and you have these people shoved down your throat, you’re like, ‘Okay, are you gonna help?’”
The White House did not immediately respond to a request for comment.
Some Republicans are worried that though Trump helped power Graham’s win, the president’s overall unpopularity may be more of a curse than a boon in any highly competitive battleground state. A series of Trump-backed candidates lost gubernatorial and congressional primaries in recent weeks, including in Georgia and Iowa.
Republicans overall are facing a tough election environment given the ongoing and unpopular war in Iran, backlash to the administration’s highly-visible deportation agenda and voters’ persistent cost of living concerns.
“You have a president and maybe even a vice president that are just so underwater politically in the polls, that they might be a help by not intervening,” said Matthew Bartlett, a GOP strategist and former State Department official in the first Trump administration.
Still, Trump swept the battlegrounds in 2024, and his ability to boost Graham despite her foreign policy debate gaffe and questions about her political inexperience serves as a reminder of his electoral prowess to campaign officials.
The question remains when — or if — he’ll throw them a presidential life raft.
“I wouldn’t count on the money if I were in these states,” said the North Carolina-based Republican strategist. “He still could. I’m just saying, I wouldn’t count on it. We’re not dealing with somebody that’s, you know, super calculated in the way they plan.”
For months, Republicans across the country have watched on as the president has continued to amass a remarkable pile of cash — and many have implored him to empty his pockets in their races. The president told reporters last week that he’ll spend “a lot of that money” to boost “Republican candidates that I think are good,” without being specific.
However, what some saw as a distraction from the greater Republican cause this year, others read as the first few drops of Trump’s cash flood.
“If they’re going to spend 800 grand in South Carolina, they’re going to spend in the midterms,” said Matt Mackowiak, a Republican strategist based in Texas who worked on Sen. John Cornyn’s failed reelection campaign and is now backing the GOP ticket. “It signals they’re going to make a substantial investment in the midterms because you don’t make an 800-grand investment in South Carolina and say, ‘Yeah, we’re going to let everybody do their own thing.’ This was in some ways a test case.”
Trump’s targeted support for Graham — the kind that some Republicans are banking on to shift the dial later this fall — paid off for her in dividends on election night. Horry County, the site of the president’s marquee rally with the candidate late last week, resoundingly broke for Graham.
Trump’s backing also helped open the door to endorsements from key South Carolina Republican figures, including fellow GOP Sen. Tim Scott, who helped Graham shore up support in his Charleston-area home base, Gov. Henry McMaster, and two members of the state’s congressional delegation, Reps. Russell Fry and William Timmons.
Outside spending also proved crucial to Graham’s success. Her campaign and its allies outspent Norman by more than $5 million in the runoff alone, according to AdImpact.
Trump’s allies took a victory lap after Graham’s victory was confirmed Tuesday evening.
“The power of the Trump endorsement is alive and well in South Carolina,” said Mike Hahn, a GOP strategist involved in the midterms. “A good opening salvo for the team at MAGA Inc. and the president ahead of the midterms.”
Former state Sen. Mike Mazzei narrowly won Oklahoma’s GOP gubernatorial primary Tuesday, boosted by President Donald Trump’s endorsement, a significant personal loan and a host of outside money.
His defeat of Oklahoma Attorney General Gentner Drummond on Tuesday is a victory for Republican leaders in the state and Trump, who had endured a recent string of uncharacteristic primary losses, particularly in gubernatorial primaries. The president’s preferred picks for governor in Wyoming, Iowa, Georgia, Minnesota and South Carolina all lost their races, and a trio of Trump-backed House candidates fell in Michigan and Florida earlier this month.
Trump endorsed Mazzei in May, ahead of the state’s open primary, but the race remained competitive. Drummond beat Mazzei by 0.3 percentage points in the first round on June 16, forcing Tuesday’s runoff. And the race was defined by massive levels of self-funding in a historically expensive primary for the state.
Mazzei loaned his campaign $11.6 million, while Drummond loaned himself $3 million, according to campaign finance records. But Mazzei was also aided by outside money: The conservative group Club For Growth spent $8 million on TV ads boosting Mazzei and attacking Drummond, per the tracking firm AdImpact.
Ahead of the runoff, the state senator earned endorsements from Gov. Kevin Stitt and Homeland Security Secretary Markwayne Mullin, who represented Oklahoma in Congress for 13 years.
Mazzei served in the state senate for 12 years before being term-limited in 2016. He joined Stitt’s administration for a year in 2019 as budget secretary. He’s the overwhelming favorite in a general election matchup against Democratic state Rep. Cyndi Munson in a state Trump won by 34 points in 2024.
-
The Josh Fourrier Show2 years agoDOOMSDAY: Trump won, now what?
-
Politics2 years agoFormer ‘Squad’ members launching ‘Bowman and Bush’ YouTube show
-
The Dictatorship2 years agoLuigi Mangione acknowledges public support in first official statement since arrest
-
Uncategorized2 years ago
Bob Good to step down as Freedom Caucus chair this week
-
Politics2 years agoFormer Kentucky AG Daniel Cameron launches Senate bid
-
Politics2 years agoBlue Light News’s Editorial Director Ryan Hutchins speaks at Blue Light News’s 2025 Governors Summit
-
The Dictatorship2 years agoPete Hegseth’s tenure at the Pentagon goes from bad to worse
-
The Dictatorship12 months agoMike Johnson sums up the GOP’s arrogant position on military occupation with two words