Michael Bloomberg Launches Bid for 2020 Democratic Presidential Nomination

Former NYC Mayor Michael Bloomberg Launched bid for Democratic Presidential Nomination Sunday

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Former New York mayor Michael Bloomberg launched his bid for the 2020 Democratic presidential race Sunday.

In a multimillion-dollar ad campaign, the former mayor touts of his record as the New York mayor and experience as a businessman.

The 77-year-old billionaire filed official paperwork to enter the presidential race and formed a presidential campaign committee. His campaign communications director Jason Schechter said he will not accept campaign contributions and will not take a salary if he wins.

Bloomberg promises to raise taxes on the wealthy, expand health insurance without eliminating private plans and work on gun control and climate change.