Trump claims $300 million spent on 2026 U.S. midterms

President Trump said on Tuesday that he has spent over $300 million in the 2026 midterms to help Republicans. He described the elections as the most important in the country’s history. The announcement came as Republicans look to stave off major losses in both chambers of Congress. The statement was made on social media.

Federal Election Commission filings show about $200 million in identifiable spending and ad reservations tied to Trump’s political operation. The filings were released on Tuesday afternoon. The amount is lower than the $300 million Trump claimed. The discrepancy highlights the difference between publicly visible spending and broader claims.

Billionaire Mike Bloomberg spent $80 million in September and October to help Democrats regain majority control of the House. The New York Times reported the spending. Bloomberg’s donation is among the top five largest individual Democratic donors for the 2025-2026 cycle. The amount contrasts with Trump’s reported spending.

Trump’s super PAC, MAGA Inc., reported about $403 million in cash on hand in September. The figure was cited by Trump when he said he had close to a billion dollars in the PAC. The cash on hand was less than the amount Trump claimed he would spend. The PAC’s financial status was reported by The Times.

In September, Trump said he planned to spend $400 million to $500 million on the midterms. He also vowed to spend $400 million to boost Republican candidates. The plan was announced before Bloomberg’s spending announcement. The statement was made in a social media post.