Disney heiress vows to stop Democratic donations until Biden stands aside

A Disney heiress has threatened to stop all donations to the Democratic party unless Joe Biden is replaced as its candidate, saying that “the stakes are too high.”

Abigail Disney, a long-standing donor to the Democrats, hailed the president as “a good man” who had served his country “admirably,” but warned that the GOP would win in November if a change of leadership was not made.

Disney, the granddaughter of Roy O Disney who founded the company with his brother Walt, is the latest high-profile person to speak out publicly about Biden stepping down, following his disastrous performance in the presidential debate with Donald Trump last week.

The president has said he has no plans to withdraw from the race, despite multiple calls for him to do so.

In a statement shared with CNBC, Disney said: “I intend to stop any 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 continued: “If Biden does not step down the Democrats will lose. Of that I am absolutely certain. The consequences for the loss will be genuinely dire.”

Disney has been a longtime supporter of Democrats and their initiatives, giving $50,000 to the Jane Fonda Climate political action committee in April.

She gave $150,000 in 2014 to Planned Parenthood Votes, a PAC affiliated with the healthcare nonprofit, according to OpenSecrets. That PAC this election cycle has spent over $400,000 supporting Democrats, including $26,000 for Biden.

Echoing the sentiments of some senior Democrats, who have spoken to The Independent, Disney also pointed to Vice President Kamala Harris as an alternative to Biden,