Reportedly, Joe Biden enjoys a deep groundswell of support
from Jewish-Democratic benefactors, with giants in the worlds of Hollywood,
Silicon Valley and Wall Street making up a significant portion of the US
president’s fundraising as he begins his reelection bid in earnest.
Joe Biden’s reelection bid has some tough sledding ahead if
the majority of polls that have emerged in recent months are to be believed.
His fundraising efforts tell another story, though, with his reelection
campaign already raking in significant donations – many coming from longtime
Jewish Democratic mega donors.
An analysis of campaign finance disclosures showing contributions
to Biden’s campaign and pro-Biden PACs and super PACs for 2023 illustrates a
deep groundswell of support from Jewish-Democratic benefactors. They make up a
significant portion of the president’s fundraising as he begins his reelection
bid in earnest.
The
donors in question – many of whom are in the finance industry, with others
connected to Hollywood and Silicon Valley – vary in their prioritization of
Israel as a campaign issue, as well as their respective involvements in local
Jewish communities and philanthropies.
Their steadfast and deep-pocketed support for Biden
indicates how the Democratic Party has generations-deep support
within the American-Jewish community.
Polls
have continuously shown that Jewish voters vastly prefer Biden over Donald
Trump, with Israel rarely being among voters’ top priorities.
Despite this, American Jews are among the few groups who
have stuck with Biden amid plummeting poll numbers (many of which stem from his
approach to Israel, which centrist Democrats deem a threshold issue).
Haim Saban is perhaps the key pro-Israel mega donor for
Biden, significantly overlapping between both the president’s reelection bid
and AIPAC’s United Democracy Project super PAC.
He has given over US$936,000 to Biden, after donating US$
one million to the American Israel Public Affairs Committee’s super PAC.
While
federal political action committees have strict limits on the amounts they can
contribute, a super PAC is allowed to raise and spend unlimited amounts of
money to campaign independently for candidates for federal office.
Saban has long been one of the most important donors and
fundraisers for the Democrats, generating millions of dollars for the party
over the years. He has also made significant financial investments in
pro-Israel organizations such as AIPAC and Friends of the Israel
Defense Forces.
Saban
also collaborated with late Republican mega donor Sheldon Adelson on the
Israeli American Council, which was founded to organize Israeli expats living
in the United States. He told The New Yorker in 2010 that he was “a one-issue
guy, and my issue is Israel.”
Joining
Saban as an overlapping mega donor is casino magnate Neil Bluhm. He has already
given more than US$1.4 million this cycle to the Biden super PAC, on top of US$200,000
to United Democracy Project. His daughter Leslie, a social entrepreneur who
sits on the AmeriCorps board of directors following an appointment from Biden
in 2021, has given over US$554,000.