MAGA Inc. sits on campaign cash as donors indicate only Trump can save Paxton

Notably, the MAGA Inc. Super PAC continued over $3 million in cash on hand since the beginning of July, increasing the war chest to over $403 million, according to FEC figures issued late Thursday.

Key points

• Expenses in July was an event at the Trump National Golf Club in Virginia.
• James Blair, Trump's chief political director, remarked in June that capital would be spent but wouldn't telegraph a timeline, amount, or plan for targeting specific states.
• But even as polls tighten in states like Iowa and Texas – once ruby red – the vault, for now, remains closed.
• Nor has the super PAC spent any funds on independent expenditures, the primary way it can backing candidates, in the weeks since.

Nor has the super PAC spent any funds on independent expenditures, the primary way it can backing candidates, in the weeks since. Outside spending is documented to the FEC in close to real time, and MAGA Inc. Has not produced any this year except for $18, 000 on text messages in March for a Georgia special election.

Notably, the lack of direct spending on candidates comes as some Republicans informed POLITICO last month they are worried that the president and his PAC are waiting too long to secure involved with competitive races.

For months, Trump allies including those affiliated with the PAC have insisted that the funds would flow in time to assist Republican candidates stave off a Democratic wave in 2026. But even as polls tighten in states like Iowa and Texas – once ruby red – the vault, for now, remains closed.

"While MAGA Inc is committed to retaining and building the GOP majorities in the House and Senate, we are not in the habit of sharing our battle plans, " remarked MAGA Inc. Spokesperson Alex Pfeiffer.

James Blair, Trump's chief political director, remarked in June that capital would be spent but wouldn't telegraph a timeline, amount, or plan for targeting specific states. And, Trump remarked in an interview with Punchbowl News earlier this month that MAGA Inc. Will spend in the midterms, adding, "I'm going to help Republicans."

Among the dozen or so MAGA Inc. Expenses in July was an event at the Trump National Golf Club in Virginia. Others were for consulting fees, bank fees and other expenses. The fundraiser, benefiting MAGA Inc., was held before the Ultimate Fighting Championship matches at the White House, NBC documented at the time.

In short, MAGA Inc. Sits on campaign cash as donors indicate only Trump can is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.