mcloudy.png
Monday August 3rd, 2020 10:57AM

Bloomberg vows to refuse donations, presidential salary

By The Associated Press
Related Articles
  Contact Editor

NEW YORK (AP) — Michael Bloomberg will not accept political donations if he runs for president and he will not take a salary if he wins, according to senior aides who offered new details on Saturday about the New York billionaire’s plans to navigate his wealth as he marches toward a formal 2020 announcement.

“He has never taken a political contribution in his life. He is not about to start,” Bloomberg chief adviser Howard Wolfson said in an interview. “He cannot be bought.”

One of the richest men in the world, Bloomberg is sending every indication he has decided to enter the crowded Democratic presidential primary election. In recent days, he has created a presidential campaign committee with the Federal Election Commission and qualified for the primary ballot in at least three states. Bloomberg’s team has reserved more than $30 million in television ads set to begin running Sunday in several primary states.

The moves, just 10 weeks before primary voting begins in Iowa, reflects his concern that the current Democratic field is not well-positioned to defeat President Donald Trump next fall.

Bloomberg’s wealth has already emerged as a central issue as the political world awaits his formal announcement. He is estimated to be one of the 10 richest people in the world.

His Democratic rivals pounced on news of Bloomberg’s massive television ad buy, in addition to his decision to bypass the first four states on the presidential primary calendar — Iowa, New Hampshire, Nevada and South Carolina — in favor of focusing on the many states that hold primary contests in March.

“I’m disgusted by the idea that Michael Bloomberg or any billionaire thinks they can circumvent the political process and spend tens of millions of dollars to buy elections,” Democratic presidential contender Bernie Sanders, a Vermont senator, wrote Friday on Twitter. “If you can’t build grassroots support for your candidacy, you have no business running for president.”

Another Democratic candidate, Minnesota Sen. Amy Klobuchar, swiped at Bloomberg as she campaigned over the weekend in New Hampshire.

“He didn't want to deal with all of this grassroots campaigning from the beginning, you know that's on him. I think this is important,” Klobuchar said. She added, “I think that you want to have a candidate for president who's willing to go out, day after day, and talk to regular people like this.”

Bloomberg’s team insists that his wealth allows him to be more responsive to the concerns of everyday people because he isn’t beholden to special interests. Wolfson said Bloomberg would work for only $1 a year as president, just as he did when he was New York City mayor for more than a decade.

Bloomberg’s message on money is much the same one employed by Trump in his 2016 campaign, although Trump ultimately accepted millions of dollars in donations. Trump donates his salary each quarter to different departments of the federal government.

Bloomberg “is wholly independent of special interests, will not take a dime in any contribution, and never has in any of his three races,” Wolfson said.

The decision to refuse contributions would make it impossible for Bloomberg to participate any sanctioned Democratic debates should he run. The rules of entry, as set by the Democratic National Committee, currently require participants to meet a polling threshold and raise donations from tens of thousands of voters.

Any money Bloomberg raises and spends on his presidential ambitions will come from one place: His own pocket.

How much is he willing to spend?

“Whatever it takes to defeat Donald Trump,” Wolfson said.

___

AP writer Sara Burnett in Henniker, New Hampshire contributed.

  • Associated Categories: Associated Press (AP), AP National News, AP Online National News, Top General short headlines, AP Online Headlines - Washington, AP Elections, General Election News, General Presidential Election News, AP Business, AP Elections - Political Conventions, AP Elections - Campaigns
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Bloomberg vows to refuse donations, presidential salary
New York billionaire Michael Bloomberg vows to refuse donations, presidential salary as 2020 bid appears imminent
11:34AM ( 12 minutes ago )
Prince Andrew’s troubles not over despite change in status
Britain’s Prince Andrew continues to face many hurdles despite his decision to step down from royal duties because of his friendship with sex offender Jeffrey Epstein
11:23AM ( 23 minutes ago )
Bloomberg vows to refuse donations, presidential salary
New York billionaire Michael Bloomberg vows to refuse donations, presidential salary as 2020 announcement appears imminent
11:17AM ( 29 minutes ago )
Associated Press (AP)
Pence on surprise Iraq trip to reassure Kurds, greet troops
Vice President Mike Pence is making an unannounced visit to Iraq on Saturday in the highest-level American trip since President Donald Trump ordered a pullback of U.S. forces in Syria two months ago
9:08AM ( 2 hours ago )
Pence on surprise Iraq trip to reassure Kurds, greet troop
Vice President Mike Pence is making an unannounced visit to Iraq on Saturday in the highest-level American trip since President Donald Trump ordered a pullback of U.S. forces in Syria two months ago
9:03AM ( 2 hours ago )
The Latest: Pence makes unannounced visit to Iraq
Vice President Mike Pence is making an unannounced visit to Iraq in the highest-level American trip since President Donald Trump ordered a pullback of U.S. forces in Syria two months ago
8:35AM ( 3 hours ago )
AP Online Headlines - Washington
Self-confessed Chinese spy spills secrets in Australia
Australian media say a Chinese spy has given Australia's counterespionage agency inside intelligence on how Beijing conducts its interference operations abroad
5:19AM ( 6 hours ago )
With da Silva free, Brazil’s Workers’ Party seeks strategy
As Brazil’s largest party gathers to plan the future, a figure that has dominated its past looms ever larger: Former President Luiz Inacio Lula da Silva
10:33PM ( 13 hours ago )
Bolivian officials accuse Evo Morales of terrorism, sedition
Bolivia’s interim government is accusing ousted leftist President Evo Morales of terrorism and sedition
9:05PM ( 14 hours ago )
AP Elections
Obama warns against ‘purity tests’ in the Democratic primary
Former President Barack Obama warns Democrats against adopting ‘purity tests’ in the 2020 presidential primary and alienating voters needed to defeat President Donald Trump in the general election
6:51AM ( 1 day ago )
Obama warns against ‘purity tests’ in Democratic primary
Former President Barack Obama is warning Democrats against adopting “purity tests” in the presidential primary and alienating voters needed to defeat President Donald Trump in the general election
11:47PM ( 1 day ago )
Obama warns against ‘purity tests’ in Democratic primary
Former President Barack Obama is warning Democrats against adopting “purity tests” in the presidential primary and alienating voters needed to defeat President Donald Trump in the general election
10:12PM ( 1 day ago )
General Election News
Quid pro quo, domestic errands: Takeaways from impeachment
2 weeks of House impeachment hearings produce at times riveting testimony
6:27AM ( 1 day ago )
Former White House aide Hill is no-nonsense Russia analyst
Fiona Hill, Russia analyst with sharp eye for detail, testifies about her alarm over White House Ukraine events
4:12AM ( 1 day ago )
Bloomberg files campaign paperwork, no decision on bid yet
New York billionaire Michael Bloomberg files paperwork to create presidential campaign
1:55PM ( 1 day ago )
General Presidential Election News
Iraqi officials: 1 protester dead amid ongoing clashes
Iraqi security and hospital officials say security forces have fired rubber bullets and tear gas to disperse crowds of protesters, killing one person, in a third day of fierce clashes in central Baghdad
8:56AM ( 2 hours ago )
Italian premier: ArcelorMittal will negotiate on steel mill
Italian Premier Giuseppe Conte says steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern Italian steel plant
8:03AM ( 3 hours ago )
California boosts pot taxes, shocking unsteady industry
In a move that shocked California’s struggling marijuana companies, the state is increasing pot taxes for the legal market
10:30PM ( 13 hours ago )
AP Business
Merkel’s heir apparent takes on critics, wins applause
Chancellor Angela Merkel’s embattled heir apparent sought to silence critics Friday, challenging members of the Christian Democratic Party to replace her if they didn’t like the direction she was taking the party as its leader
10:22AM ( 1 day ago )
Merkel says climate change, digitalization top challenges
Taking the stage exactly 14 years after becoming German chancellor, Angela Merkel has told party faithful in Leipzig she had never imagined being in power for so long, but that the work isn’t done
6:42AM ( 1 day ago )
Democrats revive ‘Medicare for All’ fight at Atlanta debate
The top Democratic presidential candidates are clashing over a “Medicare for All” plan to provide universal, government-run health insurance _ again
10:59PM ( 2 days ago )
AP Elections - Political Conventions
Farage tells UK voters his party is not just about Brexit
Britain’s stalled departure from the European Union is taking a temporary back seat in Britain’s election campaign, as parties try to woo voters with their domestic policies
7:03AM ( 1 day ago )
The Latest: Biden pushes anew for changes to health care act
Former Vice President Joe Biden continues to push for modifications to Obama-era health care reforms over the holistic “Medicare for all” proposals from Democratic presidential rivals
9:54PM ( 2 days ago )
The Latest: Booker says Warren wealth tax would stunt growth
New Jersey Sen. Cory Booker is disagreeing with the wealth tax proposed by Massachusetts Sen. Elizabeth Warren as they join other Democratic presidential candidates for a debate Wednesday night
9:37PM ( 2 days ago )
AP Elections - Campaigns
Prince Andrew’s troubles not over despite change in status
Britain’s Prince Andrew continues to face many hurdles despite his decision to step down from royal duties because of his friendship with sex offender Jeffrey Epstein
11:23AM ( 24 minutes ago )
Bloomberg vows to refuse donations, presidential salary
New York billionaire Michael Bloomberg vows to refuse donations, presidential salary as 2020 announcement appears imminent
11:17AM ( 30 minutes ago )
Impeachment inquiry crossroads: Keep going or time to vote?
The House and Senate are swiftly preparing next steps in the historic impeachment inquiry of President Donald Trump
11:03AM ( 43 minutes ago )
Egypt unveils animal mummies of lion cubs, crocodiles, birds
Egypt's Ministry of Antiquities is revealing recently discovered animal mummies, saying they contain two lion cubs as well as several crocodiles, birds and cats
10:56AM ( 50 minutes ago )
Central African Republic pedophilia concerns known in 2017
The Vatican’s Caritas Internationalis charity says it learned in 2017 of pedophilia concerns involving its Central African Republic director, but left it for his superiors to investigate and he remained in place and in ministry until this year
10:56AM ( 51 minutes ago )