Politics Yang hits donation requirements to get city funds in NYC mayor's race

23:51  14 february  2021
23:51  14 february  2021 Source:   thehill.com

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  Andrew Yang: How to pull American cities through the pandemic A city can't consider itself prosperous when its poorest residents are unable to even afford the basics of housing, food and childcare. And no one should consider the economic recovery from the coronavirus pandemic a success until the gains in employment, income and social mobility are evenly distributed. © Adam Glanzman/Bloomberg via Getty Images Andrew Yang, founder of Venture for America and 2020 Democratic presidential candidate, stands in the spin room following the Democratic presidential debate at Saint Anselm College in Manchester, New Hampshire, U.S., on Friday, Feb. 7, 2020.

Mr. Yang touted a key endorsement as he hit the trail: Representative Ritchie Torres of the Bronx, a rising star in the Democratic Party who helped to counter criticism that Mr. Yang was out of touch with the city . Mr. Torres and Mondaire Jones are the first openly gay Black men to serve in Congress, and Mr. Torres was being courted by several campaigns. The Democratic primary in June is expected to decide the mayor ’ s race , with registered Democrats far outnumbering Republicans in New York City .

In the race for New York City mayor , both parts of the two-step dance were on display last week. It may be a few weeks before the official announcement, but it appears clear that Andrew Yang intends to enter the mayoral race . Mr. Yang , who was born in New York State and lives in Manhattan, gained a loyal following as a Democratic presidential candidate, largely because of his proposal to give every American a universal basic income.

Andrew Yang hit the donation requirements in order to obtain matching city funding in the New York City mayor's race, the former 2020 Democratic presidential candidate confirmed on Sunday.

a man wearing a suit and tie: Yang hits donation requirements to get city funds in NYC mayor's race © The Hill Yang hits donation requirements to get city funds in NYC mayor's race

Yang, a technology entrepreneur, announced in a Sunday tweet that his campaign passed the threshold of receiving $250,000 from at least 1,000 donors in the city.

Now, each dollar from New York City residents in small contributions, with a maximum of $250, can be matched by up to $8 in public funds, reaching a maximum of $2,000 per contributor.

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The City Campaign Finance Board confirmed that Yang registered his campaign on Wednesday. For months, city politicos have been speculating that Yang might jump into the race , which already boasts a crowded field. As of Wednesday, candidates include city Comptroller Scott Stringer, Brooklyn Borough President Eric Adams, former Sanitation Commissioner Kathryn Garcia, Mayor de Blasio’ s former legal adviser Maya Wiley, former HUD secretary Shaun Donovan, City Councilman Carlos Menchaca and former Citigroup executive Ray McGuire, and several others.

Andrew M. Yang (born January 13, 1975) is an American entrepreneur, politician, philanthropist and Democratic candidate for New York City mayor .

"Thank you to everyone who helped make this happen - the fastest campaign to hit the matching threshold with the most grassroots donors!" he posted. "Every small donation from NYCers now gets matched 8 to 1! We are on our way."

Yang's campaign in a memo obtained by The Hill said it expects to collect more than $2 million in matching public funds once the city confirms it surpassed the requirement.

Overall, the campaign reported that it has received $1 million from more than 11,000 donors, including both residents and non-residents, with the average donation equal to $84 in the one month since Yang announced his candidacy.

Andrew Yang’s campaign is cutting ties with a fundraiser once accused of sexual misconduct

  Andrew Yang’s campaign is cutting ties with a fundraiser once accused of sexual misconduct The NYC mayoral candidate’s campaign said it was unaware of the well-publicized allegations.Pishevar, a venture capitalist who made a prescient early bet in Uber, was one of three dozen names the campaign announced as being on its host committee for a Tuesday fundraiser in support of Yang’s mayoral bid in New York City. But the campaign said on Monday evening that when it approved Pishevar as a co-host, it was unaware of the well-publicized allegations against him from three years ago, raising questions about the Yang campaign’s vetting process.

Before actually running for mayor of New York City , many candidates follow an informal task list: Quietly consult with New York political hands; register a campaign committee but insist it is merely exploratory in nature; and then, after a dutiful amount of time has passed, declare. No one is immune. The virus has profoundly changed the mayoral race , dominating the issues and affecting the way candidates raise money and gather attention. It has also hit some candidates more directly. Shaun Donovan, a former Obama administration housing secretary now running for mayor , caught a mild

Yes Yang has much better policy ideas than Trump who was mostly shitty George W Bush era GOP ideas reheated, but I think it would be good for Yang to get some experience in NYC to see how he can handle and manage a large entity like NYC . Governor is definitely a step up from NYC mayor . I think Yang ' s misstep in running for POTUS was it was honestly just too much too soon. Even then, I think governor would be a better stepping stone for his political aspirations after he potentially serves as mayor of the largest US city .

"Despite entering the race months, or even years, after other candidates, we have quickly raised over $250,000 in 8:1 matchable donations from New York City residents to qualify for matching funds from the City, the fastest campaign to reach the matching funds threshold in the race," campaign managers Sasha Ahuja and Chris Coffey wrote in the memo.

"We are proud to be a people-powered campaign reliant on small-dollar donations, demonstrating how Andrew's bold ideas for New York City are resonating widely with the electorate," they added.

The former 2020 presidential contender will be the fourth candidate to reach matching funds status, behind attorney Maya Wiley, Brooklyn Borough President Eric Adams and City Comptroller Scott Stringer, Politico reported.

Last week, a poll from Fontas Advisors and Core Decision Analytics determined that Yang had 28 percent support among likely Democratic primary voters, in a double-digit lead ahead of his closest competitor Adams who received 17 percent.

Since entering the race, Yang has received criticism for not voting in several national and local elections, which he defended saying "I think I'm one of a large number of New Yorkers who perhaps didn't have very strong allegiances one way or another to a candidate" after the primaries.

Yang tested positive for COVID-19 earlier this month, saying he will quarantine until cleared by his doctor.

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usr: 4
This is interesting!