Trump’s New Super PAC to Spend $65 Billion on Midterm Election Ads, Focus on Battlegrounds

[Financial News] U.S. President Donald Trump has begun using the $400 million in funds held by his super PAC, or political action committee, to support Republican Party candidates in the November midterm elections, The New York Times (NYT) reported on the 9th (local time).
According to NYT, No Going Back PAC booked at least $49 million worth of advertising on the 8th and 9th to support Republican Party candidates in key battlegrounds. Two sources explained that No Going Back PAC receives financial support from MAGA Inc., President Trump’s main super PAC.
The advertising booked so far targets six Senate races and one competitive House district.
According to media-tracking firm Ad Impact, the Senate races include $14.9 million in Michigan, $11.1 million in Ohio, $10.6 million in New Hampshire, and $7.7 million in Alaska. Relatively smaller amounts were also allocated to Senate races in North Carolina and Georgia, as well as a competitive House district in Pennsylvania.
The spending is the largest midterm election expenditure to date linked to President Trump’s super PAC, which holds more than $400 million. Trump’s allies have said for months that they plan to deploy substantial funds in this year’s midterm elections.
No Going Back PAC was established just one week ago, on the 1st, by Charles Gant, a Republican political operative specializing in campaign finance. Gant regularly handles paperwork for Trump-related organizations, including MAGA Inc.
NYT reported that, because of the timing of its establishment, the group is not required to file documents disclosing its donors until mid-October.
It was not immediately clear why Trump’s allies established a new super PAC separately.


[email protected] Reporter Lee Seok-woo Reporter