Why Tom Steyer’s Spending $100 Million to Run for President

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Why Tom Steyer’s Spending $100 Million to Run for President
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Tom Steyer, the billionaire former hedge fund manager, has become the Democratic Party’s answer to the Koch brothers in recent years. In 2016, he spent nearly $90 million — more than an…

— more than anyone else on either side of the aisle — on a grassroots effort backing Hillary Clinton and other Democrats.

Steyer participated in his first debate last week, and has already qualified for the next one on Nov. 20. But manyat a hotel room in Carson, Calif., on Wednesday, to explain why he decided to make his first run for office. No. The first two debates happened before I decided to run. I thought I was hearing a lot of thoughtful policy discussions about important policies, but no one was talking about what I thought the true question is in the United States, which is: How are we going to break the fact that corporations have bought our government? We have a broken government in Washington, D.C. Corporations own it. We’re not getting any of those policies until we break their stranglehold.

Sometimes, in talking to donors, they have a more acute firsthand sense of the corruption of the way campaigns are financed than even the most cynical layperson. Is that the approach you come at it from, as someone who’s seen it firsthand, has witnessed the way the system works and sees it as something that can’t be sustained?

They can’t pass anything. I’m in a completely different place on climate than everybody else. I have a history of actually fighting and winning on climate, which no one else has. Priority one — no one else will say that. State of emergency on day one. Use the powers of the presidency because we’re out of time.No, they haven’t. They’re for impeachment. I’m for all these hearings being out in the open. I see this completely differently from the way they see it.

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