BREAKING: Democrat Megadonor Abandons Party! You are witnessing the downfall of the Democrat Party.


You are witnessing the downfall of the Democrat Party.

Democratic billionaire mega-donor Tom Steyer will not donate to the Democratic party due to the shutdown deal.

From Timeinc.net:

Hedge fund manager and Democratic billionaire mega-donor Tom Steyer said Wednesday that he will refrain from donating to national Democratic Party committees following the vote in Congress to re-open the government before reaching an immigration deal.

“I don’t have a litmus test on any one thing, but I do have a litmus test for elected officials standing on principle and doing the right thing, looked at holistically. And I want to say that after the DACA vote I have decided not to give anything to the national party committees,” Steyer said in an interview with Fortune Wednesday.

When asked if this included the Democratic National Committee, the Democratic Senatorial Campaign Committee, (DSCC) and the Democratic Congressional Campaign Committee (DCCC), he confirmed it applied to all three. He said he had not discussed this decision with the committees.

The DSCC and DCCC did not immediately respond to request for comment. The DNC said in a statement that it welcomes the work of Steyer’s organization, NextGen America.

“The more money flowing toward efforts to elect Democratic candidates the better,” said DNC spokesman Michael Tyler.”We saw last fall in Virginia — where NextGen, among many other emerging progressive groups, deployed dozens of organizers across the state — how successful we can be when we’re united in our efforts to elect Democrats up and down the ballot.”

Steyer has donated over $400,000 to these three committees since 2015, according to records from the Federal Election Commission; his last donation was in September of 2017, when he gave $33, 9000 to the DSCC. This number is relatively minimal, when compared to the millions he has spent over the past few months on television ads advocating for President Donald Trump’s impeachment. After wide speculation that he might run for office, he announced earlier this month that he was investing $30 million to spur voter registration among young Americans for the midterm elections, and would double down on his impeachment campaign.

“At this point what we’ve seen from the party committees is we are at a point where we can definitely stand up for what we think is right more directly by the programs that we’re doing,” he explained. “I know that people focus on these FEC controlled election contributions but overwhelmingly, what we do is go directly to the American people.”

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