SUMMARY: The corruption of Trump and his cronies is omnipresent. The upcoming November elections have become another opportunity for both new and old types of election and campaign contribution corruption. Trump has made multiple promises to give – and in some cases has delivered – government money directly to voters in both explicit and implicit efforts to buy votes. The linkages between campaign contributions and tangible benefits from the Trump administration are more numerous and blatant than in the past. Just 172 billionaires have spent $1.7 billion on the 2026 elections already.
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The corruption of Trump and his cronies is omnipresent and is happening through many different avenues. The upcoming November elections have become another opportunity for both new and old types of election and campaign contribution corruption.
In a new form of election corruption, Trump has made multiple promises to give – and in some cases has delivered – government money directly to voters in both explicit and implicit efforts to buy votes. He’s doing this far more brazenly and blatantly than any other politician I can think of in at least the last 50 years. Here are the most notable examples: [1]
· In October, sent $90 to over 20 million seniors enrolled in Medicare. To pay for this, the Trump administration is diverting money from the $2 billion Medicare Improvement Fund, which is supposed to be used to improve Medicare services. The Trump administration’s rationale for making these payments is that “the best way to improve Medicare is to put healthcare dollars back where they belong – in the hands of our Medicare beneficiaries – and make coverage more affordable.”
· In September, sent $500 to roughly 1 million Americans who were supposedly overcharged when they purchased health care under the Affordable Care Act during the Biden administration. (Note: Trump and Congressional Republicans terminated the subsidies for purchasing health care under the Affordable Care Act that the Biden administration had put in place. This led to health insurance costs increasing dramatically for millions of people and millions dropped their health insurance as a result.)
· Will give $1,000 to all children born from 1/1/25 – 12/31/28 (i.e., during Trump’s second term) whose families open “Trump Accounts” on their behalf. These tax-free accounts, which others can add to, have also been called “money account for growth and advancement” or MAGA accounts. Wealthy individuals have pledged to help fund these accounts, which appears to be a blatant effort to curry favor with Trump. I received an email from the Social Security Administration on October 21 promoting the “Trump Accounts” and stating that they are available to nearly 70 million American children. (Note: These accounts were created by the July 2025 Big Beautiful Budget Bill that also cut food assistance, health care subsidies, and other spending that supported children and their families.)
· In September, Trump announced that every American citizen would receive $5,000 if Republicans retained control of the U.S. House and Senate.
With an eye on the November 2026 mid-term elections, Republicans in Congress and Trump scheduled implementation of many of the spending cuts in the July 2025 Big Beautiful Budget Bill to occur after the election. In addition to the above payoffs, Trump has said on more than one occasion that Americans would receive a tariff dividend of at least $2,000 sometime in 2026. This appears unlikely to happen.
The more traditional corruption of campaign contributions and spending – traditional since the Supreme Court in 2010 allowed unlimited spending by wealthy individuals and corporations – has grown in size and explicitness. Perhaps most notable and explicit has been Elon Musk’s spending of at least $276 million in an effort to keep Republicans in control of Congress. (This is as of early October. Newer reports put it at $445 million.) Musk’s money comes from his ownership in a number of companies including Tesla and SpaceX. The value of his companies and his wealth is based on tens of billions of dollars of government contracts and subsidies. [2] (Note: As you probably remember, Musk spent at least $250 million to help Trump get elected in 2024 and was rewarded with effectively a co-presidency role and leadership of DOGE for several months, as well as with government contracts worth billions.)
Linkages between campaign contributions and tangible benefits from the Trump administration are more numerous and blatant than in the past. The Center for American Progress has tracked the contributions to MAGA Inc., Trump’s main political action committee (PAC), and the benefits donors have received. Overall, MAGA Inc. has raised over $400 million in contributions of over $100,000. Just 108 donors contributed 79% of this total (an average of $3 million each) and each one received a tangible benefit from Trump or the government. Here are some highlights:
· 65 donors of roughly $97 million benefited from regulatory actions affecting the companies in which they work or invest.
· 20 donors who along with friends and relatives contributed $88 million received appointments to government agency or advisory board positions; sometimes ones that had influence over the industries in which they work or invest.
· 7 donors of $79 million had investigations or enforcement actions terminated or reversed.
· 6 donors of $42 million received government contracts worth at least $11 billion.
· 2 donors who contributed $4.5 million were connected to presidential pardons.
An analysis of the industries that are contributing – and looking for favorable actions from the government – finds the following:
· Crypto companies and executives contributed $88 million
· AI and data center builders contributed $37 million
· Fossil fuel companies and executives contributed $30 million
· Nursing home companies and executives contributed $10 million
· Health insurance and benefits companies contributed $6 million
This is just for MAGA Inc. So, both in terms of campaign spending and the corruption of Trump and his administration, this is just a tip of an iceberg. As of early October, the 15 billionaires spending the most on the 2026 elections have contributed roughly $1 billion (about $67 million each on average). The next 157 biggest billionaire spenders have spent a total of approximately $700 million. Over half of MAGA Inc.’s money is coming from these 172 billionaires. [3] These numbers have grown by hundreds of millions of dollars since this analysis was done and will continue to grow until election day.
[1] Metzger, B., Edmonds, L., & Hennessey, G., 10/1/26, “Here’s all the free money Trump’s talked about giving Americans during his second term – and where it all stands,” Business Insider (https://www.businessinsider.com/trump-checks-free-money-status-doge-tariff-rebate-warrior-dividend-2025-12)
[2] Cox Richardson, H., 10/21/26, “”Letters from an American blog,” (https://heathercoxrichardson.substack.com/p/october-21-2026)
[3] Johnson, J., 10/7/26, “172 billionaire families have spent record $1.7 billion on 2026 midterms so far: Analysis,” Common Dreams (https://www.commondreams.org/news/billionaire-family-spending-2026)