Gad posted an image of a candled hand displaying its middle finger with the message "For those of you triggered by people wishing each other happy Hanukkah, this is for you."
Swift took the award in a year when her nearly two decades of fame and influence came to a peak, the magazine said in announcing the title.
Celebrities have taken public stances on the Israel-Palestine conflict since Israel began its war with Hamas following the October 7 terror attacks that left over 1,200 dead and 240 kidnapped.
Following her comments, the actress was dropped by United Talent Agency (UTA), as first reported by Page Six.
Music executive urges people to stop tearing down posters about hostages
This rally is a response to the recent surge in antisemitic incidents in the US, particularly following the tragic events of October 7.
Broadway stars, including Debra Messing and Jeremy Jordan, gathered together in a recording booth, or at home, and recorded both voice and film.