mobanmarketSen. Bernie SandersBernie SandersThe Hill’s 12:30 Report: Milley apologizes for church photo-op Harris grapples with defund the police movement amid veep talk Biden courts younger voters — who have been a weakness MORE (I-Vt.) on Tuesday praised Tom SteyerTom SteyerBloomberg wages war on COVID-19, but will he abandon his war on coal? Overnight Energy: 600K clean energy jobs lost during pandemic, report finds | Democrats target diseases spread by wildlife | Energy Dept. to buy 1M barrels of oil Ocasio-Cortez, Schiff team up to boost youth voter turnout MORE after the billionaire philanthropist entered the 2020 presidential race but criticized the notion of a billionaire running for the White House.
“I like Tom personally, but I do have to say as somebody who in this campaign has received 2 million contributions, averaging $19 a person, I’m a bit tired of seeing billionaires trying to buy political power,” Sanders told MSNBC’s Andrea Mitchell in an interview.
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Steyer announced Tuesday that he would pursue the Democratic presidential nomination, reversing course after saying months ago that he would not.
The former hedge fund manager has funded political projects and Democratic campaigns for years.
He has been especially involved with an effort to impeach President TrumpDonald John TrumpSenate advances public lands bill in late-night vote Warren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases Esper orders ‘After Action Review’ of National Guard’s role in protests MORE.
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Sanders has eschewed high-dollar fundraisers and took in $18 million in the second quarter of 2019 from more than 1 million contributions, 99 percent of which were $100 or less, according to his campaign.
The Vermont lawmaker has framed much of his campaign rhetoric and policy positions in opposition to extreme accumulation of wealth by a few Americans when others struggle with basic necessities.
Sen. Elizabeth WarrenElizabeth WarrenWarren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases OVERNIGHT DEFENSE: Joint Chiefs chairman says he regrets participating in Trump photo-op | GOP senators back Joint Chiefs chairman who voiced regret over Trump photo-op | Senate panel approves 0B defense policy bill Trump on collision course with Congress over bases with Confederate names MORE (D-Mass.), who has also rejected big-money fundraisers and managed to bring in significant donations, also seemed to criticized Steyer’s entry to the race, although she did not call him out by name.
“The Democratic primary should not be decided by billionaires, whether they’re funding Super PACs or funding themselves,” the Massachusetts lawmaker tweeted. “The strongest Democratic nominee in the general will have a coalition that’s powered by a grassroots movement.”
The Democratic primary should not be decided by billionaires, whether they’re funding Super PACs or funding themselves. The strongest Democratic nominee in the general will have a coalition that’s powered by a grassroots movement.
— Elizabeth Warren (@ewarren) July 9, 2019
Steyer is worth an estimated $1.6 billion, according to Forbes.
In 2010, he and his wife, Kat Taylor, signed “The Giving Pledge,” vowing to donate “the bulk of our assets to philanthropic activities carried out over the course of our lifetimes.”