Billionaire lefty Tom Steyer pours $66 million into California governor’s race Tom Steyer’s campaign for California governor is spending money at an unprecedented rate, with his personal investment in the race now surpassing $66.7 million. Recent campaign filings reveal that Steyer contributed an additional $28.5 million this month, following earlier donations of $28 million in 2024 and $9.3 million in January. This surge in spending has positioned him as a formidable contender, potentially breaking the previous gubernatorial campaign spending record held by Meg Whitman at $144 million. Steyer’s financial commitment has coincided with a notable improvement in his poll numbers since launching his campaign in November. A new poll by the Public Policy Institute of California shows him securing 10% support, trailing behind Democrats like former congresswoman Katie Porter (13%) and Rep. Eric Swalwell (11%). Porter raised $6 million in 2024, while Swalwell’s campaign collected $3.1 million, both significantly less than Steyer’s contributions. Political consultants have noted the impact of Steyer’s wealth on his campaign. Elizabeth Ashford, a Democratic political consultant, described his efforts as “bringing a gun to a knife fight,” emphasizing his consistent support for progressive causes and his advocacy for a billionaires’ tax. This stance helps shield him from criticism about being part of the wealthy elite, as he has long been involved in progressive initiatives. Steyer’s focus on affordability, environmental issues, and taxing the ultra-wealthy has also drawn attention. Jim Ross, a state political consultant, highlighted that his campaign’s messaging centers on holding billionaires accountable, a contrast to other candidates like Swalwell and Porter.#eric_swalwell #tom_steyer #public_policy_institute_of_california #katie_porter #california_governor_race
