Tom Steyer

I can attack the corporate real estate loophole because real estate developers have never given me a nickel and I don't care.

I don't owe them anything.

I can absolutely do what's right for the California people.

Just the way I didn't know the tobacco companies anything or the oil companies, I'm willing to take on the entrenched interest in Sacramento to shake it up so that in fact, this can be the state where all of the success of the state that I love is shared with everybody across the state.

And Donald Trump's bill is a direct attack on working Californians.

He's talking about throwing one to three million Californians off the Medicaid rolls.

Of course, the ACA premiums are going up really dramatically, which is why the participation is down so much.

He's also talking about taking away food benefits from hundreds of thousands of Californians.

In the short run, we've got to meet that revenue challenge, which is why I'm proposing to go after that corporate real estate loophole and close it and direct that money to the localities in terms of education and health.

Longer term, what Roe is referring to is, look, we're getting run over by the increasing costs of health care.

As an investor, I always knew compounding is magic, that when things grow and keep growing, it compounds and it gets to a place which if it's an investment, it's really good.

Our problem is that's what's happening in terms of our healthcare costs.

They are escalating every single year, much faster than the economy and much faster than working people can afford and much faster than this government can afford.

And that means we have to bring in a different system and we've got to drive out all the, we've got to drive those costs down so we can still deliver healthcare, but we can do it in a much affordable fashion, much more affordable fashion.

And the only way that I can see is a single pay.

is to bring in the government to force down those costs.

And can we do that in the first year?

No, that's why I'm talking about bringing revenue to deal with the short-term problem.

But long-term, can we keep going on this healthcare system that we have, which is clutched together over the last 80 years?

We really need to change it.