As California voters receive mail ballots for the November special election, which could upend the state’s congressional boundaries and determine control of the House, billionaire hedge-fund founder Tom Steyer said Thursday he will spend $12 million to back Democrats’ efforts to redraw districts to boost their party’s ranks in the legislative body.
The ballot measure was proposed by Gov. Gavin Newsom and other California Democrats after President Trump urged Texas leaders to redraw their congressional districts before next year’s midterm election. Buttressing GOP numbers in Congress could help Trump continue enacting his agenda during his final two years in office.
“We must stop Trump’s election-rigging power grab,” Steyer said in a statement. “The defining fight through Nov. 4 is passing Proposition 50. In order to compete and win, Democrats can’t keep playing by the same old rules. This is how we fight back, and stick it to Trump.”
Steyer’s announcement makes him the biggest funder of pro-Proposition 50 efforts, surpassing billionaire financier George Soros, who has contributed $10 million to the effort.
Steyer founded a hedge fund whose investments included massive fossil fuel projects, but after he learned of the environmental consequences of these financial decisions, he divested and has worked to fight climate change. Steyer has spent hundreds of millions of dollars supporting Democratic candidates and causes and more than $300 million on his unsuccessful 2020 presidential campaign.
Steyer plans to launch a scathing ad Thursday night that imagines Trump watching election returns on Nov. 4 and furiously throwing fast food at a television when he sees Proposition 50 succeeding.
“Why did you do this to Trump?” the president asks. The ad then shows a fictional TV anchor saying that the ballot measure’s success makes it more likely that Trump will be investigated for corruption and that the records of convicted sex trafficker Jeffrey Epstein will be released. “I hate California,” Trump responds.
The advertisement is scheduled to start airing Thursday night during “Jimmy Kimmel Live!” The late-night show was in the spotlight after it was briefly suspended by Walt Disney Co.-owned ABC last month under pressure from the Trump administration because of a comment Kimmel made about the slaying of conservative activist Charlie Kirk.
The esoteric process of redistricting typically occurs once every decade after the U.S. Census to account for population shifts. The maps, historically drawn in smoke-filled backrooms, protected incumbents and created bizarrely shaped districts, such as the “ribbon of shame” along the California coast.
In recent decades, good-government advocates have fought to create districts that are logical and geographically compact and do not disenfranchise minority voters. At the forefront of the effort, California voters passed a 2010 ballot measure to create an independent commission to draw the state’s congressional boundaries.
But this year, Trump and his allies urged leaders of GOP-led states to redraw their congressional districts to boost Republicans’ prospects in next year’s midterm election. The House is closely divided, and retaining Republican control is crucial to Trump’s ability to enact his agenda.
California Democrats, led by Newson, responded in kind. The state Legislature voted in August to call a special election in November to decide on redrawn districts that could give their party five more seats in the state’s 52-member congressional delegation, the largest in the nation.
Supporters of Proposition 50 have vastly outraised the committees opposing the measure. Steyer’s announcement came one day after Charles Munger Jr., the largest donor to the opposition, spoke out publicly for the first time about why he had contributed $32 million to the effort.
“I’m fighting for the ordinary voter to have an effective say in their own government,” Munger told reporters. “I don’t want Californians ignored by the national government because all the districts are fortresses for one party or the other.”
A longtime opponent of gerrymandering, the bow-tie-wearing Palo Alto physicist bankrolled the 2010 ballot measure that created the independent commission to draw California’s congressional districts.
Munger, the son of a billionaire who was the right-hand man of investor Warren Buffett, declined to comment about whether he planned to give additional funds.
“I neither confirm nor deny rumors that involve the tactics of the campaign,” Munger told reporters. “Talk to me after the election is over.”
