Heiress Abigail Disney has announced her intention to resume donations to the Democratic Party now that President Joe Biden has concluded his reelection campaign. Previously, Disney declared earlier this month that she would halt contributions until Biden was replaced at the top of the ticket.
In an email to CNBC, Disney confirmed her renewed support following Biden’s exit and his endorsement of Vice President Kamala Harris for president. She had previously supported Harris, emphasizing the Vice President’s strengths and criticizing the inequities in how the party has treated women and minorities.
Disney’s decision to withhold donations was part of a broader backlash from elite Democratic donors in response to Biden’s disappointing debate performance against Donald Trump. This tension among party supporters was significant enough to influence Biden’s decision to step back from the race.
Notably, high-profile donors like George Soros and his son, Alex Soros, also backed Harris after Biden’s announcement, indicating a significant shift in support within the party’s donor base.
This development signals not only a change in leadership dynamics within the Democratic Party but also a potential shift toward a more unified front with Harris at the helm. With influential figures stepping forward to support her candidacy, the party may find renewed energy and focus as they head into the election season.
Overall, Disney’s return to supporting the party highlights the ongoing engagement and influence of major figures within the Democratic landscape, which could encourage a stronger, more diverse leadership moving forward.