Nancy Pelosi, Tom Steyer’s Hedge Fund, and a Billion Taxpayer Dollars

Top House Dem exempted light rail project benefitting mega-donor from cost-effectiveness regulations, then secured federal subsidies
Tom Steyer and his wife Kat Taylor with Paul and Nancy Pelosi at the Golden Gate Bridge 75th Anniversary celebration / Drew Altizer Photography

 A top House Democrat to whom billionaire liberal Tom Steyer has donated campaign funds steered more than a billion dollars to an infrastructure project that benefitted his hedge fund.

USDA Cotton Subsidies Pay for Cars, Elephant Lamps, Artwork

Audit: $2.4 million in ‘questionable’ purchases meant to stimulate textile industry
2013 Ford Explorer / AP

U.S. Department of Agriculture (USDA) cotton subsidies meant to assist the textile industry are being spent on Ford Explorers, artwork, sound systems, and elephant lamps, according to a government watchdog.