Andrew Yang, the successful businessman who ran for president in the 2020 Democratic Primary, reportedly no longer identifies as a Democrat. He dropped out of the presidential race and endorsed former Vice President Joe Biden for president. But now, he will be starting a new political party.
Yang, who is 46-years-old, plans to announce the start of his new party next month, according to POLITICO. The news agency spoke with two sources who are familiar with the matter. Citing a source very familiar with the upcoming plan for a new party, Business Insider reported that the party will be aimed at those who are in the center politically.
It is not yet clear whether Yang has already left the Democratic Party, which he previously identified with during his rise to political prominence. He has also not made it clear exactly what role he sees the new party playing in politics in the future.
The launch of the new party will coincide with the launch of Yang’s new book: “Forward: Notes on the Future of Our Democracy,” which will be released on October 5.
The book’s website includes blurbs from Dallas Mavericks owner Mark Cuban (“a vitally important book”), New York Times opinion writer Kara Swisher (“Yang does not just give us a laundry list of intractable problems, but shows how we can find solutions if we think in new ways and summon the courage to do so”) and CNN contributor Van Jones (“Yang once again proves he is a necessary and powerful voice”).
People are not clear on the kind of platform Yang’s political party will establish. There is question as to whether it will be focused on local races, national races, or something else.
During his run for the presidency in 2020, Yang focused on the idea of a Universal Basic Income of $1,000 a month for every American adult. He called the plan the Freedom Dividend, and said that it needed to be in place because of the coming change due to automation.
“By 2015, automation had already destroyed four million manufacturing jobs, and the smartest people in the world now predict that a third of all working Americans will lose their job to automation in the next 12 years,” Yang’s campaign website stated. “Our current policies are not equipped to handle this crisis. Even our most forward-thinking politicians are unprepared.”
When Yang faced a poor showing in the New Hampshire primary, he dropped out of the race. He endorsed Biden for president the following month saying that the former vice president was “the right man for the job to help us not just defeat Donald Trump, but govern the country in the years ahead,” according to CNN.
Yang would explain, “I believe that Joe Biden will be the Democratic nominee and I’ve always said I’m going to support whoever the nominee is. So I hereby am endorsing Joe Biden to be not just the nominee for the Democratic Party but the next President of the United States.”
After Yang made his endorsement, he implied in an interview with Time Magazine that he had talked with the Biden Team about serving in the potential administration.
“We’ve had general conversations about the fact that Joe would like me to play a role and be helpful, yes,” he said. “I’m driven to help Joe win. And I think that we’re going to need all hands on deck to help clean up the historic crises that [we’re] in the midst of.”
Yang did not end up serving in the White House administration, and launched an unsuccessful bid in the New York City mayoral race’s Democratic primary.