Overview
- Steyer announced his bid with a video casting himself as an outsider ready to confront corporations over California’s cost of living.
- His platform pledges a 25% reduction in electric bills by ending utility monopolies, construction of 1 million homes in four years, and free preschool and community college funded by closing corporate tax loopholes.
- The campaign also calls for banning corporate contributions to PACs in state elections and points to his past work on Propositions 23, 39 and 56.
- He enters the race after committing about $12 million to support Proposition 50, the redistricting measure approved this month.
- His team says he will self-fund to some extent, with the amount undecided, as he joins a crowded field that includes Xavier Becerra, Katie Porter and Antonio Villaraigosa after Kamala Harris and Alex Padilla declined to run.