Trump Reportedly Plans to Keep Fundraising After GOP Midterm Loss, Seeking Leverage For 2028

President Donald Trump plans to continue raising money for his political operation after Republicans lost control of Congress, seeking to preserve influence over a party confronting the fallout from its midterm defeat, Axios reported Friday.

Trump has told advisers he intends to keep fundraising, according to the report. Maintaining his MAGA Inc. super PAC, or establishing another organization, would give him a way to support allies, challenge Republican critics and shape the party's direction heading into the 2028 presidential election.

The plan comes as Trump faces a weakened position in Washington. Democrats are preparing to take control of congressional investigations, while Republican lawmakers must decide how closely to align themselves with a president whose political standing has deteriorated.

A well-funded political organization could complicate efforts by Republicans to distance themselves from him. Even lawmakers less dependent on Trump's endorsement could face the prospect of his financial backing for a primary opponent.

Axios pointed to Kentucky Rep. Thomas Massie as an example of that pressure. MAGA Inc. helped defeat the outspoken Trump critic during the 2026 Republican primaries, demonstrating how the president's fundraising operation could be deployed in disputes within his own party.

The organization has raised nearly $450 million since the beginning of 2025, according to Axios, attracting substantial contributions from cryptocurrency and artificial intelligence industry donors, along with Republican megadonors Elon Musk and Miriam Adelson.

Trump has also hosted expensive fundraising dinners at Mar-a-Lago in Palm Beach, Florida, and his golf club in Sterling, Virginia. Those gatherings brought business executives into the president's orbit as companies navigated an administration with considerable influence over their industries.

MAGA Inc. spent more than $400 million on the midterms, Axios reported, citing a source familiar with the totals. That spending made it one of the campaign's largest financial forces but failed to protect Republican congressional majorities.

Republican operatives told the outlet that the group's spending nevertheless helped some candidates survive. Its investments included races in traditionally Republican districts that became competitive, forcing the party to devote resources to territory it would ordinarily expect to hold.

How much money remains available is unclear. MAGA Inc. reported more than $164 million in cash as of October 14, but subsequently spent tens of millions of dollars on television and digital advertising during the campaign's closing weeks.

However, Republicans told Axios that Trump's diminished influence may reduce donors' willingness to write the enormous checks that sustained his operation. Major contributors could also begin directing their money toward prospective 2028 presidential candidates as attention shifts to the party's succession contest.

Technology executives who previously supported Trump's group may increasingly seek relationships with Democrats, who will soon wield congressional power, the outlet reported. Potential investigations present another obstacle. Democratic scrutiny of alleged arrangements linking political contributions to favorable government treatment could discourage donors concerned about becoming subjects of congressional inquiries.