Billionaire and liberal activist
- born June 27, 1957, New York, NY
- Yale University (BA) 1979
Stanford University (MBA) 1983
- founded Farallon Capital Management 1986
- former hedge fund manager, known for philanthropy and liberal activism
- pledged to spend over $100 million of his own money while campaigning on climate and impeachment
Steyer on impeachment:
Steyer’s “Need to Impeach” campaign has long advocated for Trump’s removal from office.
“When you’ve seen this level of criminality — and what I would consider cascading criminality — if this doesn’t push you over, when would you impeach? Where would you draw the line? In fact, do you even believe that the president is accountable under the law?” Steyer asked. Source: https://kurio.id/app/articles/16958852
The candidate is backing a California effort to force drug manufacturers to give notice of price increases.
The philanthropist told the Atlantic in 2017 that he supports a single-payer health-care system similar to what fellow Democrat Bernie Sanders has proposed.
Steyer seeks to create a strong public option to compete with the private insurance marketplace and give the people a choice in their care.
Steyer says every American has a right to health.
Steyer is pro-choice and vowed his NextGen America group would not “work for a single candidate who is not pro-choice.”
Steyer’s plan calls for instituting universal background checks, enacting “red flag” laws, closing several gun sale “loopholes,” banning assault weapons and high capacity magazines, and establishing mandatory waiting periods for the delivery of guns after purchase.
Steyer would push for creating a gun licensing system, national assault-weapons registries, and voluntary buyback programs for all firearms — not just assault weapons.
Steyer believes Americans have a right to clean air and water.
Steyer’s plan would re-commit U.S. to Paris climate agreement.
His plan would cost $2.3 trillion in public investment.
Steyer’s “Justice-Centered Climate Plan” has five core pillars.*
Should Congress fail to act, Steyer’s plan is unique in calling to use the emergency powers of the president to protect the public from climate change.
* Those five pillars are:
- pollution reduction;
- grassroots planning and the creation of a civilian climate corps;
- transitioning from an extraction economy to a regenerative one;
- investments in clean-energy infrastructure; and
- building resilience from natural disasters and for the military.
“We can’t solve the climate crisis in the United States by ourselves. It’s an international crisis, but we have to work with our allies and our frenemies around the world,” Steyer said.
His wife, Kathryn Taylor, said the couple became embarrassed in the mid-2000s that they were profiting from investments in oil companies while committing themselves to environmental issues.
He founded the nonprofit NextGen Climate in 2013 to build a political movement around climate action, working on voter registration and mobilization.
He has donated millions of dollars to candidates promising action on climate change and opposing fossil fuel development.
Immigration/child-parent separation, detention and border wall
Candidate favors pursuing a pathway to citizenship for undocumented immigrants.
Steyer donated $1 million to legal aid groups working for immigrants facing deportation.
We need comprehensive immigration reform. Arresting and deporting undocumented people in mass roundups has nothing to do with border security. It’s meant to intimidate entire communities. We will not let you dehumanize our neighbors, colleagues, and friends, @realdonaldtrump.
— Tom Steyer (@TomSteyer) June 18, 2019
Economy/minimum wage/income inequality
Steyer believes all Americans have the right to a living wage.
Steyer has proposed a 1 percent tax on the wealthiest 0.1 percent of Americans, starting at $32 million.
Steyer supports raising the federal minimum wage to $15 an hour and has made a vague promise to strengthen labor unions.
He supports paid family leave and affordable childcare but has given few details.
He wants to take corporate control out of politics.
Steyer says the only way to solve America’s problems is to “loosen the stranglehold that corporations have over our politicians” and return power to the people.
Steyer called America’s escalating income inequality “absolutely undemocratic and unfair.”
“We have a broken government because corporations have bought it.”
“I would undo every Republican tax cut for rich people and major corporations.”
Excerpts from October Democratic Debate in Westerville, Ohio.
— NowThis (@nowthisnews) October 16, 2019
Education/student debt/free tuition
Steyer believes all Americans have the right to learn.
The billionaire gave $32 million to support a bill to close tax loopholes for out-of-state corporations in 2012.
According to his campaign website, the change has generated $1.7 billion for California schools.
He would guarantee two years of free college and refinance student loans at a lower rate.
Not many details on his foreign policy, but Steyer has blasted President Trump for turning “allies into enemies.”
“Saudi Arabia’s brutal murder of Jamal [Khashoggi] should have been met with condemnation—instead, Donald Trump offered his friendship.”
There is no Trump foreign policy. There is no thinking. There is only political posturing and impulsive reaction. Weak and dangerous. https://t.co/uiXRNutFTg
— Tom Steyer (@TomSteyer) February 26, 2018
Steyer entered the race after the first round of Democratic debates, and he didn’t qualify for either the second or third round of debates. He has not yet staked out a defining position of the US military.
Steyer told The Las Vegas Sun that he supports legalization of marijuana and said the banking issue must be resolved so that financial institutions don’t lose federal insurance coverage if they service state-legal cannabis companies.
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