President Trump has pledged to spend up to $500 million of what he called 'my money' to support Republican candidates in the midterm elections, according to CNBC.
Key facts
- Trump said he will spend up to $500 million of 'my money' to help Republicans in the midterms.
- The pledge would dramatically increase spending by the Trump-aligned PAC MAGA Inc.
- MAGA Inc. previously kept most of its $403 million war chest on the sidelines.
- The announcement was reported by CNBC on September 4, 2026.
President Donald Trump said he will spend up to $500 million of what he described as ‘my money’ to help Republican candidates in the upcoming midterm elections, according to CNBC.
The pledge, if fulfilled, would dramatically increase spending by MAGA Inc., the Trump-aligned political action committee, CNBC reported.
According to the outlet, the Trump-aligned PAC has so far kept most of its $403 million war chest on the sidelines, meaning the promised spending would represent a significant shift in how those funds are deployed.
The scale of the figure Trump named exceeds the amount MAGA Inc. currently holds in its reported war chest, underscoring the size of the commitment described in the announcement.
CNBC published the report on September 4, 2026, framing the pledge as a major potential escalation in Republican midterm spending efforts.
Why it matters
A commitment of up to $500 million could reshape the financial landscape of the midterm elections, giving Republican candidates substantial resources heading into the campaign. Large infusions of money can influence advertising, turnout operations and the competitiveness of individual races.
Frequently asked questions
How much did Trump say he would spend?
According to CNBC, Trump said he will spend up to $500 million of 'my money' to help Republicans in the midterm elections.
What is MAGA Inc. and how much money does it have?
MAGA Inc. is a Trump-aligned PAC. CNBC reported it kept most of its $403 million war chest on the sidelines.
When was this pledge reported?
CNBC reported the pledge on September 4, 2026.