Sanders have even specifically targeted hedge fund managers’ salaries to highlight U.S. income inequality. During his presidential run, Sanders proposed paying for jobs program for young people by “ending the carried interest loophole that allows billionaire hedge fund managers to pay a lower tax rate than nurses and truck drivers.”
Steyer, however, is no longer managing his hedge fund, and is now spending his money on environmental activism. During 2012, he gained notoriety by bankrolling opposition to the Keystone XL oil pipeline — despite potential conflicts of interests surrounding the issue.
Even though Sanders could argue Steyer is no long in finance, the liberal billionaire has spent more than $75 million of his own money promoting Democrats and backing liberal initiatives in the 2014 midterm elections.
Sanders opposes the U.S. Supreme Court’s 2010 Citizens United decision for allowing wealthy individuals to “purchase the U.S. Government.” Sanders has said “billions of dollars from the wealthiest people in this country are already flooding the political process,” referring to the current election cycle.
What’s interesting is that Steyer alone outspent both the Koch brothers, Charles and David, in the 2014 elections by nearly 10 to 1. Steyer spent more than $75 million that election cycle, while the Kochs together spent more than $7.8 million. In fact, Steyer was the largest single donor in the 2014 election cycle, according to data from the Center For Responsive Politics.
Follow Michael on Twitter
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].
Bernie Sanders Signs Global Warming Pledge -- Created By A Billionaire Hedge Fund Manager
