After spending $20 million on a so far futile campaign to impeach President Donald Trump, the former hedge fund titan turned environmental activist Tom Steyer announced on Monday morning in a press conference from the nation’s capital that he will pour another $30 million to help Democrats take back the House in the 2018 midterm elections.
This puts an end to the speculation among those following Steyer that he would run for office this year.
“I’m not going to run for office in 2018. That is not where I can make the biggest difference,” Steyer said at the press conference, which was streamed live to members of the media from Washington D.C. “2018 is going to be a straightforward debate between two radically different visions of America. I’m going to spend it rallying America behind our vision [of] a just, inclusive, prosperous America.”
The billionaire reportedly considered running for the U.S. Senate after longtime Senator Barbara Boxer announced her retirement 2017. His name was among those considered to be running for California governor in 2018. He was also one of the country’s biggest individual donors in the 2016 election cycle, spending some $65 million to back Democratic candidates.
