Billionaire businessman Tom Steyer has announced his candidacy for the governorship of California, aiming to address the pressing issue of affordability that many residents face. In a campaign video released on Wednesday, Steyer emphasized the need for Californians to have a life they can afford, stating, “The Californians who make this state run are being run over by the cost of living.” His platform centers on reforms that include lowering electricity rates, increasing housing availability, and making preschool and community college tuition-free.
Steyer is not new to the political arena; he previously ran for president in 2020 before withdrawing during the Democratic primaries. His entrance into the gubernatorial race adds to a growing list of candidates, which now includes notable figures such as former Secretary of Health and Human Services Xavier Becerra, Riverside County Sheriff Chad Bianco, former congresswoman Katie Porter, California’s State Superintendent of Public Instruction Tony Thurmond, ex-L.A. Mayor Antonio Villaraigosa, and former California State Controller Betty Yee.
As the race develops, Steyer’s focus on affordability reflects a significant concern among Californians, particularly in a state where the cost of living continues to rise. His proposals have the potential to resonate with voters seeking tangible solutions to everyday challenges. Additional details about his campaign and policy initiatives are anticipated as the election approaches.