Twelve Democratic presidential candidates will take the stage in tonight’s Democratic debate, together with one new face: billionaire philanthropist Tom Steyer.
Steyer, who solely introduced his presidential candidacy in July, certified for the fourth Democratic debate—his debut on the controversy stage—in early September after exceeding 2% in 4 polls and receiving donations from greater than 130,000 supporters.
Right here’s what it’s best to learn about him.
Steyer was an early proponent of Trump’s impeachment
Steyer was an early proponent of impeaching President Donald Trump, funneling thousands and thousands of his personal wealth right into a marketing campaign known as Must Impeach, which gained help from greater than 1 million voters within the first two weeks after it was launched in October 2017.
The billionaire has not shied away from utilizing his personal face and identify to push his impeachment agenda and has been recognized to conflict publicly with Trump, even earlier than deciding to throw his identify into the presidential race. But Steyer has not made impeachment the only real focus of his presidential marketing campaign.
Steyer is the founding father of NextGen America
In accordance with an electronic mail despatched to supporters on Monday evening, Steyer is working “to end the corporate takeover of our government and return power back to the American people.” As soon as this objective is achieved, Steyer hopes to proceed and strengthen a progressive agenda and deal with the local weather disaster, two points which have been central to a different group he based, NextGen America, which seeks to mobilize younger individuals to vote in “crucial elections.”
“The big question for voters,” the e-mail reads, “is whether they believe change is more likely to come from inside the Washington establishment, or from someone who has a decade-long track record of making change from the outside.”
Steyer has signed the Giving Pledge
Steyer is the founder and former co-managing accomplice of Farallon Capital, the hedge fund at which he constructed his fortune. He and his spouse Kat Taylor are signers of the Giving Pledge, committing to offer a lot of their wealth to charity.
Since leaving Farallon, Steyer has devoted a lot of his money and time to progressive causes and donated vital sums to quite a few Democratic causes and candidates. Steyer, who’s value about $3.1 billion in line with the Bloomberg Billionaires Index, spent greater than $300 million between 2014 and 2017, and was the only greatest spender within the 2016 midterm election cycle.
His willingness to make use of his personal wealth to help Democratic causes extends to his presidential marketing campaign. In accordance with FiveThirtyEight’s estimates, Steyer has spent $20 million on TV adverts up to now, in addition to thousands and thousands on digital adverts, a lot of which have been used to solicit donations, enabling him to fulfill the person donor threshold to qualify for the debates. As such, Steyer has been on the receiving finish of criticism that he’s utilizing his personal wealth to purchase his means onto the controversy stage.
Steyer has expressed help for a “wealth tax” and time period limits
However Steyer’s political platform additionally seems to be resonating with some voters: a Morning Seek the advice of ballot launched this week has Steyer at 8% in early main states, or fourth place, behind former Vice President Joe Biden and Sens. Elizabeth Warren and Bernie Sanders. Like Warren, Steyer has expressed help for a “wealth tax” (regardless of his personal fortune). He has additionally advocated time period limits, including justices to the Supreme Court docket bench, repealing Residents United, and, returning to his work combating local weather change, has introduced plans to declare local weather change an emergency on day certainly one of his presidency.
Steyer’s marketing campaign has raised greater than $2 million over the previous three months
Whereas Steyer’s haul within the third quarter was means behind Sen. Bernie Sanders (I-Vt.) who led the quarter with $25.Three million raised, Steyer has pledged to spent at the least $100 million of his personal cash on his presidential bid.
Steyer is certainly one of simply eight candidates who’ve certified for the November debate so far, which means the American individuals can have at the least yet another alternative to get to know this political ‘outsider.’
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