Overview
- Trump-linked committees and super PACs now control roughly $375 million, with MAGA Inc. alone holding about $304 million at year-end 2025.
- The Republican National Committee reported $95 million cash on hand, while the Democratic National Committee had about $14 million and roughly $17 million in debt.
- Major outside groups are stocked to spend: pro-crypto Fairshake with nearly $194 million, AI-focused Leading the Future with about $50 million backed by Greg Brockman and Andreessen Horowitz, and AIPAC-aligned United Democracy Project with roughly $96 million.
- Early interventions are taking shape, with Leading the Future opposing Alex Bores in New York and backing Chris Gober in Texas, UDP engaging in New Jersey’s NJ-11 contest, and Elon Musk donating to GOP-aligned Senate and House super PACs.
- Recent results underscore limits of money’s impact, as Democrat Taylor Rehmet flipped a Texas state senate seat despite being heavily outspent, and strategists note midterm history typically disfavors the president’s party.