The liberal media-dubbed “patrician populist” Tom Steyer, who as soon as decried “‘the company stranglehold on democracy,’” has continued to spend hundreds of thousands on liberal causes this election cycle.
Steyer is the highest federal contributor to exterior teams, in keeping with information from Open Secrets and techniques. In complete, he contributed $23,987,925 to liberal causes within the 2020 election cycle, now having outspent 15 of the highest conservative donors mixed ($23,460,327).
Steyer levied a humorous accusation throughout the Oct. 15 Democratic presidential major debate, suggesting that authorities is corrupted by company affect, The New York Submit reported. Steyer has made much-a-do about how “Our system isn’t working for actual folks, as a result of it’s been corrupted by company affect.” He ought to know.
The runners-up within the present funding race, liberal mega-donors George Soros and Donald Sussman, have donated $6,285,000 and $6,050,000 respectively up to now. They’re second and third in total contributions, and nonetheless, every lower than one-third of the quantity Steyer spent to assist liberal causes.
Of the 96 prime donors to exterior spending teams by the second quarter listed by Open Secrets and techniques, liberal mega-donors have now donated $62,589,530 collectively. This quantity vastly outweighs prime conservative donor spending, $33,346,327 complete.
That provides prime liberal funders a $29,243,203 edge over conservative donors.
Even eliminating Steyer’s spending, liberal mega-donor spending would nonetheless complete $38,601,605. That’s nonetheless $5,255,278 greater than all prime conservative donor spending to exterior teams mixed.
All of Steyer’s spending has gone solely to leftwing teams NextGen Local weather Motion and Have to Impeach, two organizations he based within the latest previous. He has contributed $13,552,039 to NextGen and $10,435,886 to Have to Impeach respectively up to now this cycle.
The Wall Road Journal reported July 27, that NextGen America particularly had “acquired the overwhelming majority of Mr. Steyer’s $300 million in federal political spending,” since its founding in 2013. NextGen has since contributed cash and marketed for “candidates who wish to tackle local weather change,” and likewise labored “to construct youth voter turnout,” The Journal famous.
Steyer bought eight million voter recordsdata compiled by the Have to Impeach tremendous PAC and renting information from NextGen America in August. That gave him entry to a treasure trove of knowledge on folks he was capable of exploit to his profit to achieve the 130,000 donor threshold to qualify for the Sept. 12, Democratic debates.
Steyer additionally spent $120 million constructing Have to Impeach in 2018 to push pro-impeachment Democrats who supported ousting President Donald Trump. He additionally gave $239 million to liberals and Democrats previously three election cycles and was listed as the highest particular person contributor for the 2014 and 2016 cycles.
Steyer launched 2,600 pages of his tax returns within the identify of transparency however refused to disclose key paperwork detailing a whole bunch of hundreds of thousands made in investments (which additionally included fossil gas investments) by his hedge fund Farallon Capital.
Be aware: One donor, Leslie Wexner, was an outlier. Open Secrets and techniques listed him as the one donor who “leaned Republican/Conservative.” He donated $150,000 in complete, with $100,000 going to conservatives and $50,000 to liberals. The “$100,000” determine was included in calculations for complete spending for prime conservative donors. The “$50,000” determine was excluded from calculations for complete spending for prime liberal donors.