Billionaire Tom Steyer, a former hedge fund manager, wants to “break the corrupt stranglehold that corporations have on our government” and take on President Donald Trump in 2020.
Steyer’s comments came during a Thursday interview on “CBS This Morning.” Steyer announced his candidacy for the Democratic presidential nomination on Tuesday.
“To me the biggest question facing the United States is not what we should do, but how are we going to break the corrupt stranglehold that corporations have on our government,” Steyer said.
He added: “For the last 10 years, I’ve been trying to push power back to the people of the United States.
Steyer, who will reportedly spend $100 million of his own funds on his campaign, said his candidacy is “not about the money.” He maintained it is aimed at “trying to retake the government.”
"This is about retaking the democracy from the corrupt corporate power that is determining what happens in Washington, D.C."
Meanwhile, Steyer’s campaign to impeach Trump will continue under new leadership during his presidential bid.