Tue. Aug 20th, 2019

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Billionaire activist Tom Steyer announces presidential bid

2 min read

FILE - In this March 13, 2019, photo, billionaire investor and Democratic activist Tom Steyer speaks during a "Need to Impeach" town hall event in Agawam, Mass. Steyer announced Monday, June 24 that he will put $1 million toward registering millennial voters in Virginia. Steyer's liberal advocacy group, NextGen America, will engage young voters in Republican-held districts in the hopes of flipping the Republican-led General Assembly to the Democrats in November. (AP Photo/Steven Senne, File)

RadioOnFire.com - Tom Steyer, the billionaire philanthropist and liberal activist, announced on Tuesday that he would seek the Democratic presidential nomination, reversing course after saying months ago that he would not mount a campaign. Steyer, a former hedge fund manager, has funded political projects and Democratic campaigns for years. He has also become one of the most outspoken advocates for impeaching President Trump, launching Need to Impeach in 2017 to rally support for bringing impeachment proceedings against the president.

In his announcement, Steyer said he would focus his campaign "on solving two major crises – reforming our broken political system and saving our planet from the ravages of climate change."

“If we can reduce the influence of corporate money in our democracy, and start to address the devastating impacts of climate change, we can unlock the full potential of the American people and finally solve the many challenges facing our country,” said Steyer.

Steyer did not mention impeaching Trump in his campaign announcement, despite his previous efforts on rallying support for it, focusing instead on corporate control of politics.

Steyer is only the latest Democrat to launch a campaign for the White House. He joins two dozen others vying for the party’s 2020 presidential nomination.

His announcement came a day after Rep. Eric Swalwell (D-Calif.) became the first major candidate to drop out of the race, citing his own viability in the primary contest and announcing instead that he would seek reelection to his House seat.

 

Source The Hill
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