Bloomberg vows not to take campaign donations, presidential salary

Bloomberg vows not to take campaign donations, presidential salary
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An adviser to Michael BloombergMichael BloombergWHO leader issues warning on 'harmful' e-cigarettes Six months in, two challenges could define Biden's presidency Why Democrats' .5 trillion reconciliation bill is a losing game MORE said the former New York City mayor won't accept political donations or a presidential salary.  

“He has never taken a political contribution in his life. He is not about to start,” Bloomberg chief adviser Howard Wolfson told The Associated Press. “He cannot be bought.”

Wolfson's comment comes as Bloomberg, a billionaire, appears poised to join the crowded 2020 Democratic presidential field. 

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While current candidates have expressed that the primary race does not need one of the world's richest people, Wolfson stressed that Bloomberg's money makes him independent. 

He told the AP that Bloomberg “is wholly independent of special interests, will not take a dime in any contribution, and never has in any of his three races.”

Wolfson added that Bloomberg is willing to spend "whatever it takes to defeat Donald TrumpDonald TrumpMeghan McCain: Democrats 'should give a little credit' to Trump for COVID-19 vaccine Trump testing czar warns lockdowns may be on table if people don't get vaccinated Overnight Health Care: CDC details Massachusetts outbreak that sparked mask update | White House says national vaccine mandate 'not under consideration at this time' MORE.” 

Bloomberg would face an uphill battle if he runs for the Democratic nomination, since other candidates have been campaigning for months. Even though he has not officially announced his candidacy, he has purchased a $31.5 million ad blitz across several states. 

The former mayor is worth more than $54 billion according to Forbes.

News of Bloomberg's possible 2020 bid sparked strong criticism from other candidates, especially those who are on the progressive end of the democratic spectrum. Sen. Bernie SandersBernie SandersAngst grips America's most liberal city Democrats warn shrinking Biden's spending plan could backfire Democrats say they have the votes to advance .5T budget measure MORE's campaign manager said in a statement at the time that, "More billionaires seeking more political power surely isn't the change America needs." 

Sen. Elizabeth WarrenElizabeth WarrenCalifornia Democrats warn of low turnout in recall election Pelosi disputes Biden's power to forgive student loans Warren hits the airwaves for Newsom ahead of recall election MORE (D-Mass.) welcomed Bloomberg to the race by referring him to her "Calculator for Billionaires" to show how much he'd pay under her tax plan.