President Donald Trump’s super PAC, MAGA Inc., has started spending on the midterm elections. The PAC has reportedly disclosed ad buys totaling $10 million in support of Texas Senate candidate Ken Paxton, who is in a tight contest against Democrat James Talarico.
According to CNN, MAGA Inc. had more than $400 million in cash on hand at the end of July. On Friday, Trump said he would spend as much as $500 million in outside money that he oversees.
“We’re going to spend a lot of money because we don’t want to lose our country,” he told reporters in the Oval Office.
One of the first pro-Paxton ads funded by MAGA Inc. shows the candidate addressing rising costs with proposals to reduce Texans’ tax bills.
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“High Tax Talarico wants to take money out of Texans’ pockets,” MAGA Inc. spokesman Alex Pfeiffer said in a statement Saturday. “MAGA Inc. is going to ensure Texas knows about Talarico’s radical policies and elects Ken Paxton to the U.S. Senate.”
Talarico responded by saying the claims were untruthful.
“Billionaire-backed dark money groups are lying about James Talarico because they’re scared of the people-powered movement we’re building to fix this broken, corrupt political system,” campaign spokesperson JT Ennis said in a statement later Saturday. “James was proud to vote for the largest property tax cut in Texas history and has consistently voted to cut taxes for working Texans.”
The spending comes alongside new funding from a super PAC aligned with billionaire Elon Musk. According to CNN, the wave of spending has the potential to influence the outcome of a race that could be critical to the midterm elections. Democrats need to gain four seats to win a majority in the Senate.
The spending comes days before Republicans are scheduled to convene in Texas for a midterm convention aimed at engaging GOP voters.
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Trump decided earlier this year to back Paxton over incumbent Sen. John Cornyn in the Republican primary.
CNN reported that Paxton has faced a long list of controversies, including a 2023 impeachment vote by the state House of Representatives over allegations of bribery and corruption. He was later acquitted. The controversies have raised concerns about the challenges of making Paxton more appealing to voters.
Last month, Talarico released his first negative ad targeting Paxton, attacking him over the corruption allegations.
According to previous reports, the National Republican Senatorial Committee and the Senate Leadership Fund, both of which strongly backed Cornyn in the primary, had looked to MAGA Inc. to take the lead in supporting Paxton in the general election.