Abigail Disney, an heiress and a prominent figure within the Democratic donor community, has announced her intention to resume financial support for the Democratic Party following President Joe Biden’s withdrawal from the 2024 presidential race. Earlier this month, Disney publicly declared that she would halt her contributions until Biden stepped aside, a stance she maintains was influenced by concerns over his leadership and performance.
In a recent correspondence with CNBC, Disney confirmed her renewed support, stating, “Yes, I will resume supporting,” after Biden’s departure from the race and his endorsement of Vice President Kamala Harris as his successor.
When she first voiced her decision to pause donations, Disney expressed strong backing for Harris, emphasizing the Vice President’s capabilities. She remarked, “We have an excellent Vice President,” and highlighted the need for the Democratic Party to unify behind her, stating that rallying support could significantly increase their chances of winning the upcoming election. Disney also pointed out what she perceives as inequities regarding race and gender that influence the party’s support dynamics compared to Biden.
Disney’s prior reluctance to support Biden mirrored the sentiments of several notable donors who criticized his performance, particularly after a troubling debate against former President Donald Trump. Reports suggest that this donor discontent contributed to Biden’s decision to exit the race. Notably, other elite donors, including George Soros and his son Alex, have also voiced their endorsement for Harris in the wake of Biden’s announcement.
This shift in backing highlights the evolving landscape within the Democratic Party as it gears up for the next election cycle. The support for Harris from influential figures like Abigail Disney may invigorate her campaign and solidify the party’s commitment to a more inclusive leadership.
As the political landscape changes, it reveals an optimistic outlook for the Democratic Party, with Harris potentially gaining momentum and support from key donors, aiming to unite the party ahead of the critical election season.