Tom Steyer’s $110 million plan to redefine the Democrats
The billionaire investor is on a collision course with party leaders.
By EDWARD-ISAAC DOVERE
07/31/2018 05:05 AM EDT
Tom Steyer has set plans to spend at least $110 million in 2018, making the billionaire investor the largest single source of campaign cash on the left and placing him on a path to create a parallel party infrastructure with polling, analytics and staffing capabilities that stand to shape and define the issues the party runs on in November.
Steyer is building out an operation that’s bigger than anyone's other than the Koch brothers' — and the billionaire and his aides believe the reservoir of nontraditional voters he’s already activated could become the overriding factor in House and other races across the country.
Yet Steyer’s oversize role also stands to position him squarely against Democratic Party leadership, which has shown little appetite this fall for pursuing one of his signature causes: impeachment.
Unlike the $80 million being spent by Michael Bloomberg, Steyer will put his cash toward building out NextGen America and Need to Impeach, his two growing political organizations, as well as funding clean-energy ballot initiatives in Arizona and Nevada. Steyer has already doubled his initial $20 million investment in Need to Impeach to $40 million and has not ruled out adding more.
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https://www.politico.com/story/2018/07/31/steyer-democrats-millions-midterms-751245
