Billionaire Democrat Tom Steyer will not run for president in 2020

Billionaire Democrat Tom Steyer will not run for president in 2020

Billionaire Democrat Tom Steyer will not run for president in 2020

Tom Steyer, the California billionaire who has crusaded for President Trump's impeachment, said on Wednesday that he would not join the pack of Democrats running for president in 2020 and would instead redouble his efforts to topple Mr. Trump before the election.

Adviser Aleigha (ah-LEE'-ah) Cavalier confirmed the decision Wednesday afternoon, shortly before Steyer was due to speak at an event in Des Moines, Iowa.

"The impeachment question has reached an inflection point", Steyer wrote on Twitter. Instead he says he'll focus his efforts and his money on pushing Trump out of office before election day.

Steyer added that Congress has a constitutional obligation "to end this shameful presidency" and he is asking that they put aside their political considerations. He has paying to run television advertisements for the movement for more than a year.

Steyer said his $40 million commitment for 2019 was created to pressure the Democratic-controlled House to begin impeachment hearings and to persuade the party's presidential contenders to support impeachment on their platform.

More than six million Americans have signed an online petition on Steyer's "Need to Impeach" website.

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Shortly after election results showed Democrats would retake the majority in the House, Steyer launched a new "Need to Impeach" ad that ran in the districts of numerous newly elected representatives.

"Most people come to Iowa around this time to announce a campaign for the presidency", he said.

The move comes as Steyer seemed to be preparing for a White House bid, making several trips to states with early nominating contests in 2020 like Iowa, New Hampshire and SC, and running television ads about impeaching Trump in early primary states.

Steyer told CNN last week that he would run only if he believed he offered something new to the field of candidates.

"I think we need someone who has a positive vision of the future so Americans can get up in the morning with a smile on their face again", Steyer said at his town hall in Charleston, South Carolina, in December. "Unless I believe that my background and my beliefs and my priorities are different from the other people who are running, there's really no point in being one of a very large group of contestants".

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