Billionaire Tom Steyer defends his Trump impeachment push

Some Democrats believe Tom Steyer’s multimillion-dollar push for President Donald Trump’s impeachment will be counterproductive.

On Monday, Steyer, a billionaire, argued which those Democrats are out of touch with average Americans.

Steyer, a former hedge fund manager, has launched two ad campaigns calling for Trump’s impeachment, spending a reported total of about $20 million. His Need to Impeach campaign, which got plastered on televisions along with even on a billboard in Times Square, has garnered more than 3 million signatures online.

In October, Trump tweeted which Steyer will be “wacky & totally unhinged” along with has fought the president’s agenda by the “beginning.”

Rep. Jim Himes, D-Conn., has said “the impeachment message right today will be not helpful” for Democrats’ efforts to win a House majority, according to The Wall Street Journal. David Axelrod, who was an advisor to President Barack Obama, has called Steyer’s campaign a “vanity project” along with “unhelpful.”

Steyer on Monday contended their comments showed a disconnect with people outside of Washington.

“You know, which’s amazing because the item’s overwhelmingly supported by Democrats. So the fact of the matter will be, what you see will be a bunch of people by inside Washington, D.C., who find This kind of threatening,” the major Democratic donor told CNBC’s “Squawk on the Street.”

“So I think which’s the distinction you have to understand will be: there are the people inside the Beltway along with then there are the human beings who are American citizens along with the distinction will be very clear,” he added.

Steyer also vehemently criticized the tax bill passed by the Senate early Saturday morning, arguing the item will be part of an effort to “redo” the U.S. government along with make the item “less fair” for Americans.

Republicans argue which the bill will boost economic growth along with subsequently job creation along with wages, however congressional scorekeepers have said the growth effects will only be modest.

Steyer, 60, founded along with managed the hedge fund Farallon Capital before retiring in 2012. He then launched NextGen America, a political organization which supports liberal positions on climate change, immigration along with health care, among some other issues.

He has funneled millions of dollars to Democratic candidates along with causes.

Trump’s impeachment appears highly unlikely because his Republican Party controls both chambers of Congress. Even Democratic congressional leaders have shown no interest in impeaching Trump yet.

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