Billionaire to spend $12 million to back redistricting

Hedge-fund founder Tom Steyer says Prop. 50 will help stop Trump's 'power grab.'

- By SEEMA MEHTA

DEMOCRATS' can't keep playing by the same old rules," Tom Steyer, seen in 2020, said in a statement.

(MEG KINNARD Associated Press)

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.