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Sen. Ted Cruz Estimates Texas Senate Race Will Cost $200 Million

Sen. Ted Cruz predicted the Texas Senate race between Ken Paxton and James Talarico will reach $200 million in spending as nonpartisan analysts move the race to a toss-up.

Published August 24, 2026 at 10:05 AM EDT

The short answer

Sen. Ted Cruz predicted the Texas Senate race between Ken Paxton and James Talarico will reach $200 million in spending as nonpartisan analysts move the race to a toss-up.

Sen. Ted Cruz Estimates Texas Senate Race Will Cost $200 Million

The Facts

Who
Sen. Ted Cruz, Attorney General Ken Paxton, and State Rep. James Talarico.
What
Sen. Ted Cruz (R-TX) provided a $200 million spending estimate for the Texas Senate race between Ken Paxton (R) and James Talarico (D).
When
Monday
Where
Texas and Washington, D.C.
Why
The race is a key factor in determining control of the U.S. Senate and has been reclassified as a toss-up by nonpartisan analysts.

Timeline of what happened

Key dates and decisions, in the order they occurred.

  1. 2002

    Sen. John Cornyn begins representing Texas in the Senate.

  2. May 2026

    Ken Paxton defeats John Cornyn in the Republican primary runoff.

  3. August 23, 2026

    Rep. Seth Moulton appears on Face the Nation.

U.S. Senator Ted Cruz (R-TX) stated on Monday that the upcoming general election for Texas' other Senate seat will likely cost $200 million. The race features Republican Texas Attorney General Ken Paxton and Democratic State Representative James Talarico, who are competing for the seat currently held by Senator John Cornyn. Cruz predicted a Republican victory but described the contest as a "real fight."

The matchup was finalized after a Republican primary runoff in late May, where Paxton defeated Cornyn, an incumbent who has served in the Senate since 2002. While Cornyn is noted as a prolific fundraiser, Republican officials acknowledged that Paxton's victory might lead to a more expensive general election. Talarico secured the Democratic nomination after defeating Representative Jasmine Crockett in a primary that did not require a runoff.

Cruz announced he intends to campaign for Paxton and provide financial support through his super PAC, a type of independent political committee that can raise unlimited sums of money. The senator noted that Paxton was "bruised" following a primary campaign that became the most expensive in history. The Cook Political Report, a nonpartisan election analysis group, recently changed its rating of the Texas race from "leaning Republican" to a "toss-up."

Voters in Texas will notice the impact of this spending through an increase in political advertising and campaign activities leading up to the general election. The shift in the race's status to a "toss-up" by the Cook Political Report indicates that national political organizations may divert more resources to Texas, potentially affecting the funding available for Senate races in other states like Iowa. A change in Senate control would alter the leadership of every federal committee and impact the confirmation process for judicial and executive branch nominees.

The transition from a long-term incumbent like Cornyn to Paxton has already shifted the financial and strategic landscape of the race. Republican critics have focused on Talarico’s past statements regarding gender and veganism, while Cruz characterized Talarico's platform as poorly suited for Texas voters. Conversely, Talarico, a Presbyterian seminarian, is attempting to become the first Democrat to win a Texas Senate seat since 1988. The final result will be determined by voters on Election Day, though a specific date for the general election was not reported.

Summaries are written by The Plain Record to state the facts of a story plainly and without political slant. See our editorial standards, or report a correction.

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Questions readers ask

What happened: Sen. Ted Cruz Estimates Texas Senate Race Will Cost $200 Million?

Sen. Ted Cruz (R-TX) provided a $200 million spending estimate for the Texas Senate race between Ken Paxton (R) and James Talarico (D).

Who is involved?

Sen. Ted Cruz, Attorney General Ken Paxton, and State Rep. James Talarico.

When did this happen?

Monday

Where did this happen?

Texas and Washington, D.C.

Why does this matter?

The race is a key factor in determining control of the U.S. Senate and has been reclassified as a toss-up by nonpartisan analysts.