Billionaire Tom Steyer Will Not Run for Office in 2018

Elias Hubbard
January 8, 2018

State Senate President Pro Tem Kevin de León - a longtime friend and political ally of Steyer's - is already running against Feinstein.

Steyer, a climate change philanthropist who founded the NextGen America advocacy group, took aim at fellow billionaire Trump previous year by launching a petition and multi-million advertising campaign encouraging lawmakers to impeach him, citing fears about the President's mental stability.

The hedge fund billionaire on Friday said he had read only a handful of excerpts from Michael Wolff's "Fire and Fury: Inside the Trump White House", but those were enough to inspire his generous caper.

His campaign will go after notable Republicans such as House Speaker Paul Ryan, R-Wis., and Rep.

"People have been asking me for 12 months and five days what I'm going to run for", Steyer said in an interview before a news conference in downtown Washington.

Steyer's decision removes some of the drama from California's races for governor and U.S. Senate, which had attracted ambitious Democrats who had been wanting to move up for years. Dianne FeinsteinDianne Emiel FeinsteinGrassley blasts Democrats over unwillingness to probe Clinton Avalanche of Democratic senators say Franken should resign Blumenthal: "Credible case" of obstruction of justice can be made against Trump MORE (D-Calif) this year. But he said his funding for voter mobilization efforts in specific House districts wouldn't be based on a litmus test of whether Democrats in those districts support impeachment.

"The so-called pundits argue that we have to choose between talking about impeachment and talking about policy", a plaid tie-clad Steyer said. "The fact is, the two are fundamentally intertwined". "But by definition, a campaign called "Need to Impeach" is not a permanent thing, whereas a grassroots organization of millennials should be".

Other reports by Click Lancashire

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