Heiress Abigail Disney has announced her decision to resume donations to the Democratic Party now that President Joe Biden has officially stepped aside for the upcoming presidential race, endorsing Vice President Kamala Harris to take his place. Earlier in the month, Disney had declared she would halt contributions to the party until there was a change at the top of the ticket.
In response to CNBC’s inquiry on Monday, Disney confirmed her renewed support for the party’s efforts. She had previously expressed her backing for Harris, stating, “We have an excellent Vice President.” Disney emphasized her belief that if the Democrats rallied around Harris despite any perceived flaws, they could seize a significant electoral victory.
Disney’s shift in stance aligns with a growing trend among Democratic elite donors who became disillusioned with Biden following what many viewed as a lackluster debate performance against former President Donald Trump. The sentiments within the donor class, alongside dwindling campaign finances, were reportedly influential in Biden’s decision to withdraw from the race.
Notably, influential figures like George Soros and his son, Alex Soros, have also expressed their support for Harris in light of Biden’s exit.
This shift in leadership within the Democratic Party could signal a renewed sense of hope and unity among voters as they prepare for the upcoming election. With strong female representation, especially with Harris at the forefront, there is potential for the party to invigorate its base and attract wider support.
In summary, Abigail Disney’s decision to resume her donations reflects a broader sentiment within the Democratic donor class, signaling a pivotal moment for the party as it navigates the transition in leadership.