Billionaire Tom Steyer to invest $30 million into midterm elections

Jan 09, 2018, 00:44
Billionaire Tom Steyer to invest $30 million into midterm elections

Steyer has recently turned his focus to advocating for President Donald Trump's impeachment. Instead, he's going to plough millions of dollars into his two national political organizations, NextGen America and Need to Impeach, to try to oust Republicans from office.

Many observers predicted that Steyer would run either for governor of California in 2018 or for the U.S. Senate seat now held by Dianne Feinstein (D), but in a Monday interview, Steyer said, "I'm not going to run for anything". Since launching a series of television ads last October calling for Trump's impeachment, roughly 4 million people have signed an online petition calling for the president's ouster. It claims it will be the largest youth vote effort in U.S. history.

Steyer will not, however, require House candidates whom he supports to pass a "litmus test" supporting impeaching Trump, he said. "And I believe the most important task for me, the task which I feel called to do, is organizing and mobilizing America's voters", Steyer said during a Monday morning press conference in Washington, D.C., at an office space overlooking the Capitol. But Steyer insisted to reporters he did not plan to campaign against Democrats who do not get behind Trump's impeachment.

The news is a blow to Republicans, who hoped to use the push for impeachment to drive a wedge between wary incumbent Democratic lawmakers and the party's more liberal base.

The $30 million will be used to mobilize young voters in 10 key states: Florida, Virginia, Wisconsin, Michigan, Nevada, California, Pennsylvania, Iowa, New Hampshire and Arizona, Steyer said. NextGen said plans on hiring 200 full-time staff to organize on more than 300 college campuses. He'll also pour money into holding vulnerable Democratic Senate seats, and electing Democratic governors.

"I look forward to his continued activism in the months ahead as we campaign to take back both chambers of Congress to protect the nation from the unsafe Trump agenda", she said. "This tide will wash away the stain of the Trump administration".

Steyer praised Winfrey's speech as "fantastic", but stressed he is concentrating on "November 2018".

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