Democrat Billionaire Tom Steyer May Have Blown $74 Million on Elections

Democrat hedge fund billionaire and global warming activist Tom Steyer spent $74 million on Tuesday's midterm elections, making him this election season's single-largest donor. Almost $67 million of Steyer's campaign war chest was spent on his super PAC, NextGen Climate Action, reports Forbes. However, as The Hill points out, Steyer's big money spending spree may garner him one of the hedge fund titan's most middling returns to date.

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RNC Attacks Liberal ‘Haircut Strategy’ as ‘Voter Suppression’

Billionaire environmentalist Tom Steyer’s super PAC, Next Gen Climate, wants to implement a “haircut strategy” against Republican campaigns in order to depress conservative turnout.  “Our Republican Haircut Strategy — a precision focus on a specific harm in target Republican markets — we will seek to degrade Republican performance,” a memo from Steyer’s super PAC explains in a memo obtained by Politico that the RNC flagged as a “voter suppression” tactic.

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