Story perspectives

Tom Steyer Launches Anti-Corporate Bid for California Governor

5/30/2026

Center

Steyer Campaign

Billionaire activist Tom Steyer frames his campaign as a fight against corporate special interests and the Democratic establishment.
California’s 2026 gubernatorial race includes Tom Steyer, former hedge-fund executive, seeking to succeed Governor Gavin Newsom.
The Democratic field also includes Xavier Becerra, Katie Porter and Antonio Villaraigosa.
Republican contenders are Sheriff Chad Bianco and Steve Hilton, who received President Donald Trump’s endorsement.

Left

Steyer Proposes Reforms

Steyer proposes a modest fee on every artificial-intelligence calculation, a model he says he borrowed from Anthropic CEO Dario Amodei.
Billionaire activist Tom Steyer is campaigning for California governor, presenting tax and utility reforms as part of his platform.
Steyer wants commercial properties removed from Proposition 13, targeting up to $20 billion yearly for housing.
Proposed rule changes would stop PG&E from charging Californians double out-of-state electricity rates.

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Steyer Campaign

Billionaire activist Tom Steyer frames his campaign as a fight against corporate special interests and the Democratic establishment.
California’s 2026 gubernatorial race includes Tom Steyer, former hedge-fund executive, seeking to succeed Governor Gavin Newsom.
The Democratic field also includes Xavier Becerra, Katie Porter and Antonio Villaraigosa.
Republican contenders are Sheriff Chad Bianco and Steve Hilton, who received President Donald Trump’s endorsement.

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