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Recent financial disclosures reveal that Republican groups are outraising their Democratic rivals in the run-up to this year’s crucial midterm elections.
According to new filings with the Federal Election Commission (FEC), MAGA Inc., a pro-Donald Trump political action committee and funding vehicle, has amassed just over $400 million by the end of June, up from around $304 million at the start of the year.
This has been thanks to sizable donations from a number of notable benefactors, including the Winklevoss twins, who donated $10 million in liquidated Bitcoin, alongside $25 million from the Wisconsin businesswoman Diane Hendricks and $10 million from NASA Administrator Jared Isaacman.
Newsweek reached out to MAGA Inc. through its website for comment.
How Does This Compare With Democrats?
Pro-Trump PACs can boast around $677 million cash on hand as of the end of June, compared to just $136 million for Democrats, poll aggregator InteractivePolls posted on X. The former figure includes $400 million brought in by MAGA Inc., as well as nearly $130 million from the Republican National Committee (RNC), $56 million from the National Republican Senatorial Committee (NRSC) and $93 million from the National Republican Congressional Committee.
Analyzing a wider pool of prominent PACs shows that Democrats are still bringing in significant sums this year. But comparing FEC figures across parties reveals that Republicans are, in most cases, edging out their counterparts when it comes to fundraising at the midway point of 2026, building a sizable financial edge only months out from the midterms.
In addition to those cited by InteractivePolls, the Senate Leadership Fund (SLF) had $238.6 million on hand at the end of June, with the Congressional Leadership Fund (CLF) adding another $141.8 million to the GOP’s overall coffers.
Looking at the respective national governing committees underscores Republicans’ significant cash-on-hand advantage. As of June 30, the RNC had $128.5 million, compared to $14.8 million for the Democratic National Committee on May 31, which also ended its reporting period in the red, owing $18.3 million.
MAGA’s Fundraising Push Ahead of Midterms
Disbursement filings show MAGA Inc. has spent only around $21 million since the beginning of the year, with most of this going toward the successful election campaign of Republican Representative Clay Fuller, who won the Georgia seat previously held by Marjorie Taylor Greene in an April special election.
But MAGA Inc. had previously spent almost $377 million during the 2024 federal election cycle, according to OpenSecrets, in which both Trump and his party were ultimately successful.
And its recent fundraising push comes as Republicans look to defend their slim majorities in the House and Senate, and to avoid a bruising showing in the 2026 midterms.
According to the latest election modeling from Race to the White House, Democrats currently have a 71 percent chance of securing a majority in the House, with a projected 229 seats to Republicans’ 206. Odds are narrower in the Senate, however, where the party boasts a 51 percent chance of a majority to the GOP’s 49 percent.
Contact Newsweek editors on this story: Matthew Robinson and Sam Wilson.
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