US President Donald Trump plans to direct up to $500 million from his political group MAGA Inc to support Republican candidates in the November 3 midterm elections, according to remarks made by Trump at the White House.

Trump said the group had close to $1 billion available and that he expected to allocate between $400 million and $500 million to help Republican candidates in competitive House and Senate races.

The planned spending would represent a major increase in campaign activity by MAGA Inc, which has so far spent only a fraction of the amount Trump says he intends to deploy.

MAGA Inc reports $403 million in cash

MAGA Inc reported $403.45 million in cash on hand as of July 31 in its latest Federal Election Commission filing.

That figure is significantly below Trump's estimate of nearly $1 billion. Since the beginning of 2025, the group has spent about $21 million, including around $1.7 million on independent expenditures.

The political group has recently begun increasing its activity in battleground states. It paid for an event featuring Vice President JD Vance in Michigan this week, among other campaign-related activity.

Trump said he would determine where the funds should be deployed, with a focus on Republican candidates he believes have a strong chance of winning closely contested races.

Republican candidates seek more campaign support

The spending plan comes after Republican candidates and party officials had been pressing MAGA Inc to make greater use of its financial resources.

The group has accumulated a large war chest, prompting concerns among some Republican strategists that substantial funds could remain unused during the current election cycle.

With roughly two months remaining before Election Day, however, the timing could limit the impact of a large advertising campaign. Some voters may have already settled on their choices, while television advertising inventory in competitive markets can also become increasingly difficult to secure close to the election.

One contest attracting Republican concern is the Texas Senate race between Republican Ken Paxton and Democrat James Talarico. Trump backed Paxton in the Republican contest against incumbent Senator John Cornyn, despite opposition from Republican Senate leaders.

Trump has also signalled that he plans to become more involved in the midterm campaign. He said he would make multiple campaign stops for Republican House and Senate candidates and plans to travel to Alaska to support Senator Dan Sullivan.

MAGA Inc money can remain available for future elections

Trump indicated that not all of MAGA Inc's funds necessarily need to be spent during the 2026 midterm elections. Some money could remain available for political activity during the 2028 presidential election.

Federal rules allow the group to retain funds for future authorised political activities rather than requiring it to spend its entire balance during one election cycle.

Although Trump has described the funds as money he controls, MAGA Inc's cash is not his personal money. The Federal Election Commission classifies the organisation as an "unauthorized" hybrid political action committee.

Its non-contribution account can receive unlimited donations and independently spend money to support or oppose candidates. However, the funds cannot be transferred directly to candidates.

Trump's proposed spending therefore places MAGA Inc at the centre of Republican efforts to defend and expand the party's position in Congress, while also leaving open the possibility that a substantial portion of its financial resources could be carried into the 2028 presidential campaign.