"Tom Steyer, the San Francisco investor who has been spending his prodigious personal wealth on a gubernatorial run with prolific television and digital advertising, says in his latest video spot that if elected he will ban spending by corporate political action committees. "As governor I will work my tail off to ban corporate PAC money," Steyer says in his latest video, which stylistically reflects previous ads - with shots of Steyer, seated and speaking directly into camera, interspersed with shots of Californians working various blue-collar jobs."
""The corporations who are making your life too expensive like it that way," Steyer said. "California needs to listen to California citizens, not lobbyists. That's why we have to ban corporate PAC money." The ad may resonate with voters alarmed by U.S. Supreme Court decisions that have removed many limits on how much corporations can spend to buy the attention and goodwill of elected officials, and have led campaigns for public office to increasingly become ad spending arms races. But it may also draw accusations of hypocrisy from critics who already suggest Steyer is using his fortune to buy the governor's mansion."
Tom Steyer, a 68-year-old San Francisco investor and founder of Farallon Capital Management, is running for California governor and financing a high-profile campaign with his personal wealth. In a new campaign video he vows to ban corporate PAC spending in state politics and argues corporations are contributing to high living costs while lobbyists shape policy. The ad follows his prior stylistic approach, featuring Steyer speaking directly to camera alongside scenes of blue-collar workers. The pledge may attract voters concerned about expanded corporate political spending after recent Supreme Court rulings, while critics may view his self-funding as hypocritical.
Read at Sacramento Bee
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