WASHINGTON, July 21 (Reuters) – MAGA Inc, a campaign funding group aligned with U.S. President Donald Trump, has amassed more than $400 million, which the Republican leader’s allies will hope to use for the midterm elections.
Here are the details:
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A filing with the Federal Election Commission showed the super political action committee, which began the year with $300 million, had funds of more than $400 million by the end of June.
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In June, MAGA Inc raised $1 million from NASA administrator Jared Isaacman and $10 million from billionaires Tyler Winklevoss and Cameron Winklevoss, who liquidated bitcoin for the contributions, the filing showed.
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Republicans hold narrow majorities in the House of Representatives and the Senate heading into the November midterm elections.
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MAGA Inc spent nearly $377 million in the 2024 elections, which Trump won.
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In the months leading to the midterm vote, Trump’s approval rating has been weighed down by the unpopular U.S.-Israeli war on Iran and high energy prices.
Reporting by Kanishka Singh in Washington; Editing by Kate Mayberry.
