Abigail Disney, the heiress of The Walt Disney Co., announced she will resume her donations to the Democratic Party now that President Joe Biden has decided not to seek reelection.
Earlier this month, Disney declared she would halt contributions until Biden was replaced at the top of the ticket. However, in an email to CNBC on Monday, she confirmed her decision to support the party again now that Biden has withdrawn and endorsed Vice President Kamala Harris for the presidential run.
When she initially decided to withhold her donations, Disney expressed her support for Harris, stating, “We have an excellent Vice President.” She noted the need for Democrats to support Harris and not overlook her potential shortcomings in the same way they have done for Biden, highlighting issues of race and gender in the political landscape. She suggested that a united front around Harris could lead to a significant electoral victory.
Disney was among several prominent Democratic donors who expressed dissatisfaction with Biden following his poor debate performance against former President Donald Trump. Reports indicate that pressure from influential donors and a decline in funding played a role in Biden’s decision to step back from the race. Additionally, notable figures like George Soros and his son Alex Soros have also thrown their support behind Harris in light of Biden’s departure.