Heiress to iconic corporation says she’s halting donations to Dems until Biden, 81, steps down – as governors’ reaction to his request for shorter workday is revealed

Heiress and major Democratic Party donor Abigail Disney has announced she will no longer donate to Joe Biden and the party as a whole until the ailing president leaves office.

The granddaughter of Roy Disney, co-founder of the Walt Disney Corporation, has often spoken out about her liberal political views despite her estimated fortune of $120 million.

“I intend to halt all contributions to the party unless and until they replace Biden at the top of the ticket. This is realism, not disrespect. Biden is a good man and has served his country admirably, but the stakes are far too high,” she said in a statement.

The 64-year-old Disney’s announcement comes just a day after Netflix founder Reed Hastings became one of the first liberal megadonors to turn off the money tap until the president leaves office.

“If Biden doesn’t leave office, the Democrats will lose. I’m absolutely certain of that. The consequences of losing will be truly devastating,” she continued.

“If Biden doesn’t resign, the Democrats will lose. I’m absolutely certain of that. The consequences of losing will be truly devastating,” Disney said.

Disney believes the ‘excellent’ Vice President Kamala Harris is more than capable of reaching the top.

“If Democrats would tolerate her perceived shortcomings even one-tenth as much as they have tolerated Biden (and let’s not kid ourselves about the role race and gender play in that inequality), and if Democrats can find a way to stop nitpicking and rally behind her, we can win this election by a wide margin,” she said.

Disney has donated generously to the party during the Trump and Biden eras.

According to The Guardian newspaper, she has donated at least $635,000 to PACs affiliated with Biden and Democrats over the past decade. CNBC.

Disney isn’t alone, as Biden continues to take a beating. He angered Democratic governors during an emergency meeting Wednesday night, where he claimed he wanted to stop working after 8 p.m. to preserve his waning energy. CNN.

A group of wealthy donors is also secretly planning to launch Next Generation PAC, a $50-100 million initiative to support a Democratic nominee not named Joe Biden, the New York Times.

Next Generation PAC — founded by crypto billionaire Mike Novogratz — will hold his money until Biden steps down and gives it to his replacement on the ticket. Should he not drop out of the race, they will target lower-level Democrats, but not Biden.

While the commission has not yet filed a complaint with the FEC, the Biden campaign is said to have heard about it and tried to convince its supporters to stop.

Disney believes ‘excellent’ Vice President Kamala Harris is more than capable of reaching the top

Next Generation PAC — founded by crypto billionaire Mike Novogratz — will hold his money until Biden steps down and gives it to his replacement on the ticket. Should he not drop out of the race, they will target Democrats on lower ballots, but still not give it to Biden

Other donors refusing to give more include Gideon Stein of the Moriah Fund and philanthropist Karla Jurvetson, who donated more than $30 million to Democrats in 2020 and has already donated $5 million in 2024.

Damon Lindlelof, the creator of Lost who donated $115,000 to this campaign, is calling for a “DEMBargo” on donations until Biden leaves office.

Biden’s world is still reacting to the news.

“We are the Democratic Party! These people should not be deciding to impeach a pro-worker, pro-people president,” said Ron Klain, the former White House chief of staff who was one of three top Biden “fraudsters” blamed by the family for his poor debate performance.

The president will host Fourth of July festivities at the White House on Thursday night, with his future and that of his party hanging in the balance as pressure to resign grows after last week’s debate.

This came after the first elected Democrats came forward to urge Biden to step down, with the party convention in Chicago just weeks away.

Amid anger over White House messaging since Biden stumbled in his debate with Donald Trump in Atlanta, the president reassured governors in a private meeting about his health and political viability — even telling them about a recent checkup that showed he was in good health.

That came shortly after White House press secretary Karine Jean-Pierre dodged direct questions during a heated press conference about whether Biden had been evaluated since Thursday’s debate.

Biden will host veterans’ families, caregivers and survivors at an event that will put him back on the public stage before a pivotal interview with ABC airs Friday. Vice President Kamala Harris is scheduled to attend.