Billionaire Steyer won't run for United States president, will focus on impeaching Trump

Billionaire Democrat Tom Steyer will not run for president in 2020

Billionaire Democrat Tom Steyer will not run for president in 2020

"I am not running for president at this time", Steyer said at a press conference in Des Moines, Iowa.

"The impeachment question has reached an inflection point", Steyer wrote on Twitter.

Billionaire investor and Democratic activist Tom Steyer said Wednesday that he will not run for the White House in 2020 and will instead focus on calling for President Donald Trump's impeachment. "Therefore, I will be dedicating 100 percent of my time, effort and resources working for Mr. Trump's impeachment and removal from office".

Some of his money has gone to his Need to Impeach campaign against Trump.

Although Steyer opted against a presidential run, the constellation of political organizations that he has built is likely to have an impact on the presidential race and on key congressional races across the country.

"Most people come to Iowa around this time to announce a campaign for president", Steyer added, "But I am proud to be here to announce that I will do whatever it takes, for as long as it takes, to remove a President".

Numerous indicators have shown that over the past year, many Democrats consider the impeachment issue more politically hard than Steyer has made it sound. Steyer has accused the Republican president of colluding with Russian Federation to win the White House in 2016 and obstructing investigations into their efforts, allegations that Trump has denied.

Steyer said on Wednesday that he would use that email list - as well as an additional $16 million in money to Need to Impeach - to drum up more support for impeaching Trump. Richard Neal of Massachusetts, Adam Schiff of California, Maxine Waters of California, Jerrold Nadler of NY and Elijah Cummings of Maryland, the members of Congress who would spearhead an investigation and possibly impeachment of the President. "Mr. Trump has made division the centerpiece of his presidency".

Steyer told CNN last week that he would run only if he believed he offered something new to the field of candidates. "And whether it's better to abandon this disaster of a president or to support him", Steyer said. "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 on of a very large group of contestants".

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