Mike Bloomberg is running for president. These are the causes he supports and industries they would affect

  • Source: CNBC
  • by:
Mike Bloomberg’s announcement to run for president didn’t deliver full details of his platform, but his 12-year run as mayor and his philanthropy in political causes provide good clues. Here are some issues Bloomberg cares about and the industries they would affect.

Guns

Bloomberg’s Everytown for Gun Safety, which he helped found in 2014, has become a powerful voice in the battle over gun legislation. The group has identified several issues it views as key to limiting gun violence, including closing loopholes around background checks and limiting illegal gun trafficking from states with weaker gun laws.

Bloomberg has pledged to spend at least $50 million to support the organization, which now has 350,000 financial backers. It recently spent $2.5 million in Virginia’s elections, helping Democrats take full control of the Virginia House and Senate the first time since 1994. Gun control was a key issue in the election, which came after a shooting in Virginia Beach left a dozen dead earlier in the year. The win carried symbolic significance, too. The NRA, which is headquartered in Virginia, cobbled together only $300,000 to support the campaign as it battles infighting and financial distress.

Everytown and one of its subsidiaries, Moms Demand Action, has also successfully lobbied companies like Walmart, Kroger and Albertsons to change their policies around gun sales.
Source: CNBC

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