AICPA, Big 5 PAC Contributions Lean to Republicans

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Accounting firms were overwhelmingly on the Republican side during this year's elections, according to government statistics on financial contributions.

Seven accounting political action committees (PACs) contributed about $4 million to election campaigns this past fall, and 64 percent of that money went to Republican candidates. This is based on a report issued by the Washington-based Center for Responsive Politics, a non-partisan group.

Ernst & Young's PAC was the biggest giver, contributing $850,886, with $545,396 going to Republicans. Also on the front lines was AICPA, with contributions of $677,116, with approximately 63 percent allocated to the Republicans.

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