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Meet Tom Steyer: The Billionaire Pushing Democrats To The Extreme Left

- May 16, 2018

Hedge Fund Billionaire Tom Steyer Is Reshaping And Remaking The Democratic Agenda One Donation At A Time

 


TOP TAKEAWAYS

  • Over the past five years, hedge fund billionaire Tom Steyer has played a major factor in moving the Democrat Party to the extreme left.
  • Steyer was the largest single donor to either political party during the 2016 election cycle.
  • Steyer's money has bought him influence over prominent political leaders and interest groups such as House Minority Leader Nancy Pelosi (D-CA) and the AFL-CIO.
  • Steyer's influence also extends to policy, as his policy preferences and far left positions have greatly influenced the platform of the Democratic Party.
  • Steyer is clearly engaging in self-promotion and positioning himself to run for president in 2020, which will continue to drive the Democrat Party field even further to the left. 
  • Steyer is the face of the impeachment movement against President Trump through which he has made outlandish, unsubstantiated claims against the President, the administration, and the Republican Party.

TOM STEYER: HEDGE FUND BILLIONAIRE TURNED ENVIRONMENTALIST DEMOCRAT DONOR

Tom Steyer Made Billions At His Hedge Fund Until 2012, When He Set His Sights On Political Capital

Tom Steyer Ran A Hedge Fund Called Farallon Capital For 26 Years Until 2012, When He Sold His Stake In The Fund And Shifted His Focus To Politics And The Environment. "Tom Steyer spent 26 years running hedge fund Farallon Capital; he sold his stake in 2012 and switched his focus to politics and the environment." ("Thomas Steyer," Forbes , Accessed 5/10/18)

Steyer Personally Donated $91 Million To Democrats During The 2016 Election. "Tom Steyer, a billionaire California investor who spent more than $91 million supporting Democrats in the 2016 elections, issued the demand to his party in a letter on Wednesday." (Alexander Burns, "Pledge To Impeach Trump, A Key Donor Demands Of Democrats," The New York Times , 10/11/17)

Steyer Was The "Largest Single Donor" On Either Side Of The Aisle In 2016. "Steyer was the largest single donor on either side of the 2016 election." (Nick Stockton, "The Billionaire On A Mission To Save The Planet From Trump," Wired , 3/23/17)

WHILE AT FARALLON, STEYER BUILT HIS MONETARY AND POLITICAL CAPITAL BY INVESTING IN THE COAL INDUSTRY AND RUBBING ELBOWS WITH NANCY PELOSI

Despite Claiming To Be Committed To Fighting Climate Change, Steyer Has Made Millions Investing In The Coal Industry

Steyer Went On A Hike With Environmental Activist Bill McKibben That Led Him To "Reinvent" Himself As A "One-Man Superfund For Climate Causes." "But then he went hiking. Steyer and environmental activist and author Bill McKibben spent a day trudging through the Adirondacks. Not long after, Steyer parted ways with the leadership of his company and his oil and gas investments, began to fight the Keystone XL pipeline, and then reinvented himself as a one-man superfund for climate causes. His organization, NextGen Climate, has spent $170 million over the past four years advocating for policies and politicians that help the environment and advance renewable energy." (Nick Stockton, "The Billionaire On A Mission To Save The Planet From Trump," Wired , 3/23/17)

While Steyer Claimed To Be Halting His "Ecologically Unsound" Investments In 2012, Steyer Remained Invested In Fossil Fuels Until June 2014. "While Steyer said in 2012 that he was halting his 'ecologically unsound' investments, a review of his ties to the $20 billion hedge fund he led for two decades shows that he is only now becoming fully divested from energy firms linked to climate change. Responding to questions last week from The Washington Post, a Steyer spokeswoman said that his holdings will be free of all fossil-fuel firms by the end of this month." (Carol D. Leonnig, Tom Hamburger and Rosalind S. Helderman, "Tom Steyer's Slow, And Ongoing, Conversion From Fossil-Fuels Investor To Climate Activist," The Washington Post , 6/9/14)

"Farallon's Second-Largest Holding In September 2012, A Month Before Steyer Announced His Departure, Was A $220 Million Investment In The Oil-And-Gas Giant Nexen." "Farallon's second-largest holding in September 2012, a month before Steyer announced his departure, was a $220 million investment in the oil-and-gas giant Nexen." (Carol D. Leonnig, Tom Hamburger and Rosalind S. Helderman, "Tom Steyer's Slow, And Ongoing, Conversion From Fossil-Fuels Investor To Climate Activist," The Washington Post , 6/9/14)

Steyer's Hypocrisy: "As Coal Linked To Mr. Steyer's Previous Investments Burns In Asian Power Plants, He Is Spending A Fortune Earned From Those Investments To Pursue A Green Agenda That Would Shutter Similar Plants In The United States." "But detractors see hypocrisy: As coal linked to Mr. Steyer's previous investments burns in Asian power plants, he is spending a fortune earned from those investments to pursue a green agenda that would shutter similar plants in the United States." (Michael Barbaro and Coral Davenport, "Aims Of Donor Are Shadowed By Past In Coal," The New York Times , 7/4/14)

From 1999 To 2014, Farallon Capital Invested Hundreds Of Millions Of Dollars Into Companies Operating Coal Mines And Coal-Fired Power Plants From Indonesia To China. "Over the past 15 years, Mr. Steyer's fund, Farallon Capital Management, has pumped hundreds of millions of dollars into companies that operate coal mines and coal-fired power plants from Indonesia to China, records and interviews show." (Michael Barbaro and Coral Davenport, "Aims Of Donor Are Shadowed By Past In Coal," The New York Times , 7/4/14)

The Coal-Mining Companies Invested In By Farallon During Steyer's Tenure Increased Their Annual Coal Production By 70 Million Tons After Receiving The Hedge Fund's Money. "The New York Times examined the operations of coal-mining companies in which Farallon invested or to which it lent money during Mr. Steyer's stewardship, which coincided with growing demand and prices for coal. Together, those mines have increased their annual production by about 70 million tons since they received money from the hedge fund, according to corporate records, government data and interviews with industry experts." (Michael Barbaro and Coral Davenport, "Aims Of Donor Are Shadowed By Past In Coal," The New York Times , 7/4/14)

In 2008, Farallon Invested In The Subsidiary Of An Indian Financial Conglomerate Which Resulted In The Construction Of Amravati, Which Is Expected To Be One Of The Largest Coal-Fired Power Plants In India. "Farallon invested in a subsidiary of Indiabulls, an Indian financial conglomerate, in 2008, just as the subsidiary began expanding into coal-fired power. Two years later, Indiabulls began construction on two massive coal-fired power plants: the 2,700-megawatt Amravati plant in central India and the 1,350-megawatt Nasik plant outside Mumbai. When completed, Amravati is expected to be one of the largest coal-fired power plants in India." (Michael Barbaro and Coral Davenport, "Aims Of Donor Are Shadowed By Past In Coal," The New York Times , 7/4/14)

  • The Annual Median Per Capita Income In India Was $616 As Of 2013. "The annual median per capita income in India stood at $616, the 99th position among 131 countries." ("India's Median Per Capita Income Lowest Among BRICS: Gallup," Business Standard , 12/17/13)

While At Farallon, Steyer Influenced The Disbursement Of Grants To His Benefit With The Help Of Nancy Pelosi

In 2004, Steyer's Company Farallon Bought 2 Million Square Feet Of Underdeveloped Real Estate At Mission Bay In San Francisco And Southern California. "But in November 2004, Farallon bought undeveloped real estate at Mission Bay in San Francisco from Catellus Group for $343 million. This purchase also included properties in Southern California. The deal provided Farallon with roughly 2 million square feet of commercial space in Mission Bay, a hotel near SBC Park, where the San Francisco Giants play, and residential sites in close proximity to Mission Bay Channel. Richard Fried, a managing member with Farallon, acknowledged in interviews the deal had no relationship with troubled assets in line with what the company describes on its website." (Kevin Mooney, "How Nancy Pelosi Helped This Top Democrat Donor Nab Millions In Taxpayer Money," The Daily Signal , 8/11/14)

Farallon Set Up Mission Bay Development Group And FOCIL-MB To Run The Mission Bay Project. "Farallon set up two new outfits to run the Mission Bay Project. Mission Bay Development Group is responsible for building most of the infrastructure. FOCIL-MB buys, sells and leases parcels of land to developers. Seth Hamalian, who oversees FOCIL-MB, says between 2003 and 2008, more than 3,000 residential units and 1.7 million square feet of office and lab space were built." (Kevin Mooney, "How Nancy Pelosi Helped This Top Democrat Donor Nab Millions In Taxpayer Money," The Daily Signal , 8/11/14)

In October 2012, House Minority Leader Nancy Pelosi (D-CA) Announced The Establishment Of A New Transportation Link Between Mission Bay And San Francisco With $942 Million Of Federal Funding Invested In The Project. "In October 2012, Pelosi unveiled an agreement that would provide $942 million in federal funds to establish a transportation link between Mission Bay and downtown San Francisco." (Kevin Mooney, "How Nancy Pelosi Helped This Top Democrat Donor Nab Millions In Taxpayer Money," The Daily Signal , 8/11/14)

In June 2012, Pelosi Announced A $10 Million TIGER Grant For Transportation Infrastructure In Mission Bay's Biotech Cluster And The UCSF Hospital. "Democratic Leader Nancy Pelosi released the following statement today announcing a $10 million TIGER grant for transportation infrastructure at San Francisco's Mission Bay biotech cluster and UCSF hospital: 'San Francisco has always led the way in infrastructure investments that grow our economy and spur prosperity for local communities. This $10 million commitment for transportation at Mission Bay builds on that record: to create jobs in our city and serve as a model for sustainable development nationwide. Mission Bay co-locates technology, biotech, and science research and education with a new $1.5 billion UCSF hospital under construction, along with 6,000 housing units connected to a robust transit network. This award will complete the street additions, highway off-ramps, bike lanes, pedestrian walkways, and transit additions necessary to serve this vibrant community.'" (Press Release, "Pelosi Announces $10 Million TIGER Transportation Grant For San Francisco's Mission Bay," Rep. Nancy Pelosi , 6/19/12)

In 2007, Pelosi Earmarked $25 Million For Repairs And Removal Of A Number Of Piers In San Francisco, Some Of Which Were Next To FOCIL's Mission Bay Development. "In 2007, she earmarked $25 million for a "project for repair and removal, as appropriate, of Piers 30-32, 35, 36, 70 (including Wharves 7 and 8), and 80 in San Francisco, California, substantially in accordance with the Port's redevelopment plan," according to the congressional record. Parts of this project are located next to FOCIL's Mission Bay development." (Kevin Mooney, "How Nancy Pelosi Helped This Top Democrat Donor Nab Millions In Taxpayer Money," The Daily Signal , 8/11/14)

In 2006, Pelosi Announced Another $24.5 Grant Expanding Transportation And Development In Mission Bay. "In 2006, Pelosi also announced a $24.5 million grant to expand transportation and boost development in Mission Bay." (Kevin Mooney, "How Nancy Pelosi Helped This Top Democrat Donor Nab Millions In Taxpayer Money," The Daily Signal , 8/11/14)

  • In A Press Release, Pelosi Said The Project Would "Encourage Economic Development" In Mission Bay And Bayview Hunters Point. "The Third Street Light Rail Project is adding a vital transit connection to our city linking the often isolated southeastern neighborhoods of the city to the central business district…The Third Street Line will relieve congestion, reduce air pollution, provide additional connections to other public transit lines, and encourage economic development in the neighborhoods it serves, including Bayview Hunters Point and Mission Bay." (Press Release, "Pelosi Announces Funding For San Francisco Rail And Bus Transit," Rep. Nancy Pelosi , 8/3/06)

From 2000 To 2014, Farallon Spent $1 Million On Lobbyists To Advance The Interests Of Projects Including Mission Bay, And In 2013 FOCIL-MB Lobbyists Were Fined $40,500 For Failure To Register With The Secretary Of State. "Since 2000, Farallon has spent more than $1 million on lobbyists in Washington-half of that since 2009-to advance its interests on projects such as Mission Bay. In 2013, its FOCIL-MB lobbyists in California were fined $40,500 for their failure to register with secretary of state." (Kevin Mooney, "How Nancy Pelosi Helped This Top Democrat Donor Nab Millions In Taxpayer Money," The Daily Signal , 8/11/14)

Steyer First Donated To Nancy Pelosi In 2000. ( Federal Election Commission , Accessed 5/11/18)

Steyer Donated $37,500 To Nancy Pelosi In The 2011 Election Cycle. ( Federal Election Commission , Accessed 5/11/18)

Steyer Donated $54,200 To Nancy Pelosi In The 2016 Election Cycle. ( Federal Election Commission , Accessed 5/11/18)

STEYER HAS USED HIS NEW POLITICAL CAPITAL TO INFLUENCE POLITICS AND POLICY, AND SHAPE THE DIRECTION OF THE DEMOCRATIC PARTY

In 2013, Steyer Founded NextGen, A Group Dedicated To Fighting Climate Change

Steyer Founded NextGen Climate In 2013, An Organization Focused On Fighting Climate Change Through Transitioning To A Clean Energy Economy, Supporting Candidates Supportive Of Climate Action, And Fighting The Keystone XL Pipeline. "NextGen America acts politically to prevent climate disaster, promote prosperity, and protect the fundamental rights of every American. Since our founding as NextGen Climate in 2013, we've worked to fight climate change by advancing the transition to a clean energy economy. We've supported candidates who support climate action. We've fought to halt the Keystone XL pipeline and registered more than 1 million voters nationwide." ("Our Story," NextGen America, Accessed 5/16/18)

  • Steyer Spent $170 Million Through This Project From 2013 Through 2017. " His organization, NextGen Climate, has spent $170 million over the past four years advocating for policies and politicians that help the environment and advance renewable energy." (Nick Stockton, "The Billionaire On A Mission To Save The Planet From Trump," Wired , 3/23/17)

NextGen Spent $95 Million During The 2016 Election Cycle Supporting Candidates, Voter Engagement, And More. "NextGen Climate puts up $95 million for candidates, voter engagement, and more." (Nick Stockton, "The Billionaire On A Mission To Save The Planet From Trump," Wired , 3/23/17)

NextGen Has Donated $100,000 To American Bridge This Election Cycle. ( Federal Election Commission , 5/14/18)

  • American Bridge 21st Century Is A "Progressive Research And Communications Organization." "American Bridge 21st Century is a progressive research and communications organization." ("Who We Are," American Bridge 21st Century , Accessed 5/15/18)

In July 2017, Steyer Officially Rebranded NextGen Climate To NextGen America To Reflect An Expanded Opposition To President Trump And Support Of Progressive Policies. "Tom Steyer, a major donor to Democratic causes and a potential candidate for California governor, has long signaled his political ambitions stretched far beyond climate change, his signature issue. Now he's making it official, rebranding his organization as NextGen America instead of NextGen Climate. The new name reflects a broader desire to oppose President Trump and support progressive policies." (Chris Megerian, "Tom Steyer Rebrands His Political Group For Anti-Trump Mission," The Los Angeles Times , 7/20/17)

In January 2018, Steyer Announced Plans To Funnel At Least $30 Million Into NextGen America, His Advocacy Group, In 2018 To Increase Voter Turnout In 10 States. "He plans to channel at least $30 million toward his advocacy group, NextGen America, in order to build out a massive army meant to boost millennial voter turnout across 10 states. Democrats will need to flip at least 24 seats in 2018 to win back the majority." (Ben Kamisar, "Billionaire Donor Steyer Says He Won't Run For Office In 2018," The Hill , 1/8/18)

Steyer Was Instrumental In Shaping The Policy Platform Of The Democratic Party In 2016

In 2014, Steyer Was Ranked The Third Most Politically Powerful U.S. Billionaire By Brookings. (Darrell M. West, "U.S. Billionaires Political Power Index," Brookings , 9/5/14)

The 2016 Democratic Party Platform Positions On Climate Change Were Nearly Identical To Those Of Steyer's NextGen Climate. "His influence also extends behind the scenes. Several commentators have pointed out that this year's Democratic Party platform takes positions on climate change that bear an uncanny resemblance to the goals of NextGen Climate, the group Mr. Steyer founded in 2013." (Valerie Richardson, "Democratic Policy Platform Shows Mark Of Billionaire Environmentalist Tom Steyer," The Washington Times , 7/27/16)

Both The Democratic Party And NextGen Call For "Making The Nation's Power Grid 50 Percent Carbon-Free By The Next Decade And 100 Percent Carbon-Free By Midcentury." "For example, the platform calls for making the nation's power grid 50 percent carbon-free by the next decade and 100 percent carbon-free by midcentury. NextGen's goal is nearly identical: 50 percent carbon-free by 2030 and 100 percent carbon-free by 2050." (Valerie Richardson, "Democratic Policy Platform Shows Mark Of Billionaire Environmentalist Tom Steyer," The Washington Times , 7/27/16)

The Energy And Environment Legal Institute Called The Similarities "Policy Plagiarism" And Accused Steyer Of "Buying The Democratic Party Platform" For His Own Financial Benefit In Solar Energy. "In a report issued Tuesday, the Energy & Environment Legal Institute described the similarities as 'policy plagiarism' and accused Mr. Steyer of 'buying the Democratic Party platform' in order to boost his investments in solar energy." (Valerie Richardson, "Democratic Policy Platform Shows Mark Of Billionaire Environmentalist Tom Steyer," The Washington Times , 7/27/16)

After Democrats Failed To Make A Deal On DACA, Steyer Broke With The National Party And Began Supporting Progressives

Steyer Announced He Would Not "Give Anything To The National Party Committees" As A Result Of The Vote On DACA. "'I don't have a litmus test on any one thing, but I do have a litmus test for elected officials standing on principle and doing the right thing, looked at holistically. And I want to say that after the DACA vote I have decided not to give anything to the national party committees,' Steyer said in an interview with Fortune Wednesday." (Alana Abramson, "Megadonor Tom Steyer Won't Give to Democratic Groups Because of the Shutdown Deal," Fortune , 1/25/18)

  • Steyer Has Donated Hundreds Of Thousands Of Dollars To The Democratic Committees In The Last Few Years And Has Spent Millions On His Own Campaign Advocating For President Donald Trump's Impeachment. "Steyer has donated over $400,000 to these three committees since 2015, according to records from the Federal Election Commission; his last donation was in September of 2017, when he gave $33, 9000 to the DSCC. This number is relatively minimal, when compared to the millions he has spent over the past few months on television ads advocating for President Donald Trump's impeachment. After wide speculation that he might run for office, he announced earlier this month that he was investing $30 million to spur voter registration among young Americans for the midterm elections, and would double down on his impeachment campaign." (Alana Abramson, "Megadonor Tom Steyer Won't Give to Democratic Groups Because of the Shutdown Deal," Fortune , 1/25/18)

Steyer Has Kept His Word As His Super PAC Instead Has Given To The Progressive Change Campaign Committee. ( Federal Election Commission , Accessed 5/14/18)

Steyer Has Circumvented The National Party By Sponsoring His Own Primary Debates For The 2018 Midterms

Steyer's Advocacy Group, NextGen America, Will Be Holding 15 Democratic Primary Debates For House And Gubernatorial Candidates In Summer 2018. "NextGen America, the Steyer-run advocacy group, is planning 15 Democratic primary debates in House and gubernatorial races across the country through the summer. The goal is to help young voters - NextGen's target audience - distinguish between the candidates, and the debates might serve as a precursor to NextGen endorsing in some of these primaries." (Alexis Levinson, "Tom Steyer Is Going To Hold Debates In Democratic Primaries Across The Country," Buzzfeed , 3/28/18)

Steyer Said The Debates Were "An Attempt By Us To Make It Easier For Young Voters To Get A Sense Of Who The Candidates Are." "Steyer called the push 'an attempt by us to make it easier for young voters to get a sense of who the candidates are.' And, he told BuzzFeed News in a phone call, the debates could help NextGen decide whether or not to endorse in a race. 'Frankly, it's going to make it easier for us to get a sense of who these candidates are as well,' he said." (Alexis Levinson, "Tom Steyer Is Going To Hold Debates In Democratic Primaries Across The Country," Buzzfeed , 3/28/18)

Steyer Is Considering A Presidential Run In 2020

The Atlantic Headline: "Democratic Megadonor Tom Steyer Still Isn't Ruling Out A 2020 Run." (Clare Foran, "Democratic Megadonor Tom Steyer Still Isn't Ruling Out A 2020 Run," The Atlantic , 9/23/17)

CNN Headline: "Democratic Megadonor Steyer Mulls Run For Office Amid 'Complete Crisis.'" (Eric Bradner and Chris Moody, "Democratic Megadonor Steyer Mulls Run For Office Amid 'Complete Crisis,'" CNN , 8/12/17)

Steyer Financed The Super PAC "For Our Future" In Conjunction With The AFL-CIO Which Bought Steyer Influence Over Unions

NextGen Has Donated $1.5 Million To The Progressive "For Our Future" PAC. ( Federal Election Commission , 5/14/18)

"For Our Future" Is Financed By Steyer Along With The AFL-CIO And Other Large Union Groups. "At issue is a new super PAC called For Our Future that Steyer, a former hedge fund manager, is financing in conjunction with the AFL-CIO; the American Federation of State, County and Municipal Employees; the American Federation of Teachers; and the National Education Association. As part of the partnership, Steyer has agreed to match the donations that the unions put into the group, helping amplify labor's resources." (Matea Gold, "Building Trade Unions Denounce Labor Partnership With Billionaire Environmentalist Tom Steyer," The Washington Post , 5/16/16)

  • On Their Homepage, "For Our Future" Calls Itself "A People-Driven Organization Committed To Serving Progressive Values." (For Our Future, Accessed 5/14/18)

General President Of The Laborers' Union, Terry O'Sullivan Accused The AFL-CIO Of Selling Its Political Agenda To "A Job-Killing Hedge Fund Manager With A Bag Of Cash." "Terry O'Sullivan, general president of the laborers' union, went even further in a separate letter to Trumka, accusing the labor federation of selling its political agenda to 'a job-killing hedge fund manager with a bag of cash.' 'This Super PAC creates a significant conflict between the interests of hard-working union members and the interests of those running the Super PAC,' he wrote." (Matea Gold, "Building Trade Unions Denounce Labor Partnership With Billionaire Environmentalist Tom Steyer," The Washington Post , 5/16/16)

STEYER'S IMPEACHMENT CRUSADE AGAINST PRESIDENT TRUMP

Backed By Liberal Members, Steyer Has Spent Millions On An Impeachment Campaign Against President Trump

In October 2017, Steyer Demanded That Lawmakers And Candidates Support Removing President Trump From Office. "One of the Democratic Party's most prominent financial backers is demanding that lawmakers and candidates on the left support removing President Trump from office, putting pressure on Democrats to make Mr. Trump's ouster a defining issue in the 2018 midterm elections. Tom Steyer, a billionaire California investor who spent more than $91 million supporting Democrats in the 2016 elections, issued the demand to his party in a letter on Wednesday. In his message, Mr. Steyer called Mr. Trump a 'clear and present danger to the republic' and urged Democrats to pledge that they would seek to remove him from office if they take control of Congress next year." (Alexander Burns, "Pledge To Impeach Trump, A Key Donor Demands Of Democrats," The New York Times , 10/11/17)

On October 20, 2017, Steyer Launched His Need To Impeach Ad Campaign And Website Advocating For The Impeachment Of President Donald Trump. "Political mega-donor Tom Steyer is funding an eight-figure TV ad campaign to 'demand that elected officials take a stand' on impeaching President Trump. 'A Republican Congress once impeached a president for far less, and today people in Congress and his own administration know that this president is a clear and present danger,' Steyer says in the ad, which directs viewers to a new NeedToImpeach website." (David Weigel, "Megadonor Tom Steyer Launches TV Ad Campaign For Trump Impeachment," The Washington Post , 10/20/17)

In January 2018, Steyer Announced He Was Doubling His $20 Million Investment Into His Need To Impeach Campaign. "Steyer said he is also 'doubling' his push for President Donald Trump's impeachment, which he has already backed with a $20 million national advertising campaign. That campaign, called 'Need to Impeach,' has helped Steyer build a massive email list." (Eric Bradner, "Tom Steyer Not Running For Office; Pledges $30 Million To Help Democrats In House," CNN , 1/8/18)

In One Of His Need To Impeach Ads, Steyer Claims That President Trump Has "Brought Us To The Brink Of Nuclear War," "Obstructed Justice At The FBI," "Violated The Constitution," And "Taken Money From Foreign Governments." (Tom Steyer, "Join Us," YouTube, 10/19/17)

Click To Watch

Last Week, NextGen America Released A "Wild" Mother's Day Ad Warning Mothers To Talk To Their Children About The GOP To Ensure Their Children Don't Become White Nationalists. "Liberal megadonor Tom Steyer wants to wish you a happy Mother's Day, with a gentle reminder: Don't let your kids become Nazis. In a wild ad posted to YouTube this week, Steyer's super PAC, NextGen America, warns that Mom's large adult son could very well be sliding past the Republican Party and into white nationalism. 'Only a mother can catch the signs early,' she warns. 'This Mother's Day, talk to your child about the GOP.'" (Alex Lubben, "Liberal Megadonor Celebrates Mother's Day With Warning Not To Let Your Kids Become Nazis," Vice , 5/11/18)

Click To Watch

The Independent Women's Forum Called NextGen's Ad "Outrageous." (IWF, Twitter Feed , 5/11/18)

Steyer Equated Democratic Leaders Who Are Not Focused On Impeachment With People Who Opposed The Civil Rights Movement. "Steyer said the Democratic leaders who don't want to focus on impeachment are like the people who opposed the civil rights movement, saying it wasn't the right time. 'In every important issue in American history there have been people who felt that it as the wrong time to bring up the truth. However true, however important, it was inconvenient, awkward and should wait,' he said." (Anthony Man, "Billionaire's Florida Tour Focuses On Mobilizing Voters, Impeachment," Sun-Sentinel, 5/6/18)

In December 2017, 58 House Democrats Voted To Launch Impeachment Proceedings Against President Trump. "An unexpectedly high number of Democrats voted in favor of an effort to launch impeachment proceedings against President Trump on Wednesday, revealing the growing agitation among liberals to remove him from office. The House voted overwhelmingly 364-58 to table a resolution from Rep. Al Green (D-Texas) laying out articles of impeachment against Trump, with four Democrats voting 'present.'" (Cristina Marcos, "The Nearly 60 Dems Who Voted For Impeachment," The Hill , 12/6/17)

STEYER IS PUSHING THE DEMOCRAT PARTY FURTHER TO THE LEFT

Steyer Supports Bernie Sanders' Platform

Mic Headline: "The Democrats' Biggest Donor Says The Party Is Blowing It And Should Get Behind Bernie's Platform." (Jake Horowitz, "The Democrats' Biggest Donor Says The Party Is Blowing It And Should Get Behind Bernie's Platform," Mic , 7/16/17)

In July 2017, Steyer Said, "When People Say Bernie Is Crazy, No. Bernie Is Talking About Inequality. That Is The Burning Issue In The United States." "'When people say Bernie is crazy, no. Bernie is talking about inequality. That is the burning issue in the United States.' That is a message that progressives, and particularly Bernie Sanders supporters, have been trying to drive home with the leadership of the Democratic party since Hillary Clinton's brutal loss in the 2016 presidential race - often, some have felt, to little avail. But it's no longer a message coming from outside the establishment: it's now the opinion of Tom Steyer, the largest donor to the Democratic party." (Jake Horowitz, "The Democrats' Biggest Donor Says The Party Is Blowing It And Should Get Behind Bernie's Platform," Mic , 7/16/17)

Steyer, Who Had Endorsed Clinton In 2016, Was An "Unabashed Supporter Of Sanders' Progressive Vision" By July 2017. "Mic recently caught up with Steyer, a California hedge fund billionaire who spent a whopping $87 million on Democratic candidates and causes in 2016 and endorsed Clinton after the primaries, to discuss the state of play for Democrats in the Trump era - the good, bad and yes, the ugly. Today, Steyer is an unabashed supporter of Sanders' progressive vision." (Jake Horowitz, "The Democrats' Biggest Donor Says The Party Is Blowing It And Should Get Behind Bernie's Platform," Mic , 7/16/17)

Steyer Said "There Is An Absolute, Unspoken War Between Corporate Interests And The American People." "'There is an absolute, unspoken war between corporate interests and the American people,' he said. 'That's the underlying subtext for all of the public discussions within the Democratic party.'" (Jake Horowitz, "The Democrats' Biggest Donor Says The Party Is Blowing It And Should Get Behind Bernie's Platform," Mic , 7/16/17)

Steyer Said "We're Seeing A Deliberate Attempt To Take Away [Working Families'] Future By Really Rich People. Until We Address That, I Don't Think We're Dealing With The Reality Americans Are Facing Today." "'We're seeing a deliberate attempt to take away [working families'] future by really rich people. Until we address that, I don't think we're dealing with the reality Americans are facing today,' he continued." (Jake Horowitz, "The Democrats' Biggest Donor Says The Party Is Blowing It And Should Get Behind Bernie's Platform," Mic , 7/16/17)

Steyer Supports Single Payer Healthcare

Steyer Supports "Some Of The Once-Fringe Issues" Championed By Sanders On The Campaign Trail Including Single-Payer Health Care. "But Steyer's support for Sanders goes beyond their shared interest in mobilizing millennials to turn out at the polls. Steyer is also throwing his weight behind some of the once-fringe issues that Sanders championed on the campaign trail, such as single-payer health care. 'One of the things people get mad at Bernie about is single-payer,' Steyer said. 'You know who is also calling for that? Warren Buffett. We have got to start looking at things with a fresh eye.' 'The idea that we're not going to cover people is over,' Steyer explained. 'Health care is a right. The question is how do we deliver it in the most efficient manner possible.'" (Jake Horowitz, "The Democrats' Biggest Donor Says The Party Is Blowing It And Should Get Behind Bernie's Platform," Mic , 7/16/17)

In A September 2017 Interview, Steyer Said, " We Can Look At Other Systems And See That Single Payers Deliver Better Health Care At A Much Lower Price[Sanders Is] Not Going To Be Able To Pass This, But What He's Doing Is He's Putting Out A Goal For Where We Should Be Looking To Go, And I Applaud That." THE ATLANTIC's CLARE FORAN: "In your speech at Netroots, you said that NextGen supports 'opening Medicare to all who want it.' Do you support the single-payer legislation that Senator Bernie Sanders recently released?" TOM STEYER: "I really haven't gone through it in detail, but as I've said before, health care is a right. The question that we have to address is: How are we going to deliver the best health care at a price we can afford? That's a real question, and we can look at other systems and see that single payers deliver better health care at a much lower price … [Sanders is] not going to be able to pass this, but what he's doing is he's putting out a goal for where we should be looking to go, and I applaud that." (Clare Foran, "Democratic Megadonor Tom Steyer Still Isn't Ruling Out A 2020 Run," The Atlantic , 9/23/17)

Steyer's Litmus Test On Abortion

In August 2017, Steyer Said His NextGen America Group Did Not Intend To Work On Behalf Of Anti-Abortion Politicians, Saying, "We Do Not Work For A Single Candidate Who Is Not Pro-Choice. I Think People Like To Have Litmus Tests. We Are Explicitly Pro-Choice." "Democratic mega-donor Tom Steyer said on Saturday that he and his NextGen America group do not intend to work on behalf of anti-abortion politicians, jumping into the Democratic Party's ongoing debate on the topic. 'We're pro-choice,' the hedge fund manager-turned-activist told POLITICO on the sidelines of the progressive Netroots Nation conference here. Asked if his group would help candidates or sitting lawmakers who don't support abortion rights, he said, 'We do not work for a single candidate who is not pro-choice. I think people like to have litmus tests. We are explicitly pro-choice. We work a lot with Planned Parenthood, we work a lot with NARAL. We are absolutely committed to it.'" (Gabriel Debenedetti, "Megadonor Steyer Vows To Only Back Candidates That Support Abortion Rights," Politico , 8/12/17)

  • Steyer's Position Places Him At Odds With Sen. Bernie Sanders (I-VT) And DCCC Chairman Ben Ray Lujan. "Those comments put Steyer - the Democratic Party's single largest donor in recent cycles thanks largely to the money he's put in the NextGen super PAC - on the side of activists who have been dismayed by comments made recently by some party leaders like Sen. Bernie Sanders and Democratic Congressional Campaign Committee chairman Ben Ray Lujan." (Gabriel Debenedetti, "Megadonor Steyer Vows To Only Back Candidates That Support Abortion Rights," Politico , 8/12/17)

Steyer Supports Cap And Trade

In 2017, Steyer Supported Efforts To Extend California's Cap-And-Trade Program. "Steyer backed efforts to extend California's cap-and-trade program, which lawmakers approved on Monday. He's also pushing new initiatives on economic inequality and healthcare." (Chris Megerian, "Tom Steyer Rebrands His Political Group For Anti-Trump Mission," Los Angeles Times , 7/20/17)

On August 22, 2017, Steyer Tweeted, "The Numbers Don't Lie: Cap-And-Trade Is Working In California." (Tom Steyer, Twitter Feed , 8/22/17)

In December 2017, Steyer's NextGen America Said It Was Spending $75,000 On Ads To Support Oregon's Cap-And-Trade Legislation. "The climate-action group founded by billionaire Tom Steyer is getting behind the effort to pass greenhouse-gas limiting cap-and-trade legislation in Oregon. NextGen America said Friday it's spending $75,000 on digital advertising to raise awareness of the issue and recruit supporters. It plans to work with Oregon-based advocates to turn up the heat on lawmakers when the Legislature meets in February. 'NextGen, alongside Renew Oregon, will mobilize its supporters to contact their representatives and make their voices heard in support of clean air and water, and a stronger clean energy economy,' the group said in a news release. Democrats, with the backing of Gov. Kate Brown, have been working this fall to refine a cap-and-trade bill introduced late in the 2017 session and have it ready for debate in next year's short legislative session. The bill would establish an economy-wide limit on greenhouse-gas emission, declining over time, and require major emitters to obtain allowances to match their emissions. It could raise up to $700 million a year, with the money going to projects intended to reduce emissions, strengthen the state's ability to cope with climate change and shield low-income residents from energy price hikes." (Pete Danko, "Anti-Trump Billionaire's Group Drops $75K Into Oregon Cap-And-Trade Campaign," Portland Business Journal , 12/8/17)

Steyer Supports Raising Taxes

In October 2017, Steyer Said, "I Am Strongly Opposed To Even One More Penny In Cuts For Rich People And Corporations." "As a billionaire, I would profit substantially from the tax cuts proposed last week by President Trump and the Republican Party. But I am strongly opposed to even one more penny in cuts for rich people and corporations. My reason is simple: Tax cuts for the rich defund the critical public programs on which American families depend." (Tom Steyer, Op-Ed, "I'm A Billionaire. Please Raise My Taxes," Los Angeles Times , 10/5/17)

In An Op-Ed, Steyer Said "Let's Raise Taxes On The Rich." "Let's raise taxes on the rich and use the money to invest directly in the American people - by improving infrastructure, promoting clean energy, strengthening public education and expanding healthcare. Let's boost wages to stimulate economic growth and job creation. It's the only way we will create broad prosperity, rebuild the middle class and give working families a fair shake." (Tom Steyer, Op-Ed, "I'm A Billionaire. Please Raise My Taxes," Los Angeles Times , 10/5/17)

Steyer Supports A $15 Federal Minimum Wage

Steyer Supports The "Fight For $15" Minimum Wage Campaign. "Billionaire environmental activist Tom Steyer stood on the steps outside City Hall here recently, surrounded by hundreds of people protesting for a $15-per-hour minimum wage. Wearing a gray T-shirt with the 'Fight for $15' slogan -- pulled over his customary business shirt and red plaid tie -- Steyer held a megaphone and chanted with the crowd, 'I believe we can win. I believe we can win.'" (Anne C. Mulkern, "Steyer Expands Activism, Sparks Questions On 2016 Goals," E&E News , 11/30/15)

Steyer: The Fight For $15 Rally Is "Absolutely Emblematic Of What We're Trying To Do, And What We Stand For, And The Importance Of What We're Thinking About, And Talking About." "'Today is this huge day,' Steyer said during the panel discussion. The $15 minimum wage rally is 'absolutely emblematic of what we're trying to do, and what we stand for, and the importance of what we're thinking about, and talking about.'" (Anne C. Mulkern, "Steyer Expands Activism, Sparks Questions On 2016 Goals," E&E News , 11/30/15)


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