AICPA, Big 5 PAC Contributions Lean to Republicans

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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