Warren responds to Steyer 2020 bid: Primary shouldn't be decided by billionaires

Warren responds to Steyer 2020 bid: Primary shouldn't be decided by billionaires
© Aaron Schwartz

Sen. Elizabeth WarrenElizabeth Ann WarrenWarren: Dershowitz presentation 'nonsensical,' 'could not follow it' On The Money: Stocks close with steep losses driven by coronavirus fears | Tax season could bring more refund confusion | Trump's new wins for farmers may not undo trade damage Overnight Energy: Sanders scores highest on green group's voter guide | Trump's latest wins for farmers may not undo trade damage | Amazon employees defy company to speak on climate change MORE (D-Mass.) on Tuesday jabbed the latest Democrat to join the 2020 primary, billionaire Tom SteyerTom Fahr SteyerSouth Carolina woman behind popular Obama slogan says she backs Steyer Overnight Energy: Sanders scores highest on green group's voter guide | Trump's latest wins for farmers may not undo trade damage | Amazon employees defy company to speak on climate change Steyer would have owed M more in taxes under lawmakers' proposal: liberal group MORE, by saying the election shouldn't be controlled by the wealthiest class. 

"The Democratic primary should not be decided by billionaires, whether they’re funding Super PACs or funding themselves," Warren tweeted Tuesday. "The strongest Democratic nominee in the general will have a coalition that’s powered by a grassroots movement."

Steyer, a liberal activist and former hedge fund manager, became the 25th candidate to enter the race Tuesday morning. 

He's worth an estimated $1.6 billion, according to Forbes, and he signed the "Giving Pledge" in 2010 along with his wife, making a promise to donate the bulk of their assets to philanthropic causes.

Warren has vowed to not accept money from political action committees and does not hold high-dollar fundraisers.

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She's been successful in her grassroots efforts, raising more than $19 million in the second quarter of 2019 with an average donation of $28. That total places her in the top three among Democrats who have announced their second-quarter numbers. 

Sen. Bernie SandersBernie SandersGOP Iowa senator suggests Trump impeachment defense could hurt Biden at caucuses On The Money: Stocks close with steep losses driven by coronavirus fears | Tax season could bring more refund confusion | Trump's new wins for farmers may not undo trade damage Sanders launches first TV ads in Nevada MORE (I-Vt.) is also running a grassroots fundraising campaign, but he has not raised as much as Warren.

Sanders's campaign said it raised $18 million in the second quarter and transferred another $6 million from other accounts. 

Sanders also called out Steyer's campaign on Tuesday, saying "I like Tom personally" but adding that he's "a bit tired of seeing billionaires trying to buy political power." 

A spokesman for Steyer told The Hill that the candidate "agrees with Senators Warren and Sanders about the importance of running a grassroots campaign."

"He's been doing that from the outside for the last 10 years, beating big corporations by going directly to the voters," Alberto Lammers said in a statement, noting Steyer's effort to mobilize young voters in 2018. 
 
"Tom's campaign for President will build a national grassroots movement to remove the corrupting influence of corporate money on our politics and push power to the American people," Lammers said. 

--Updated at 5:42 p.m.