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Majority of Accountants' PAC Donations Went to Republican Candidates


WASHINGTON, D.C., Nov. 14, 2000 (SmartPros) When it comes to politics, many accounting groups tend to favor Republican candidates, at least from the looks of their campaign contributions.



Seven accounting political action committees contributed nearly $4 million to federal candidates this election year, with well over half of that amount going to Republican candidates, according to data posted on the Web site of the Center for Responsive Politics, a non-partisan, non-profit research group based in Washington, D.C. that tracks money in politics, and its effect on elections and public policy.

About 64 percent ($2,421,662) of the overall $3,774,185 accounting PAC contributions went to Republican candidates, CRP reported. The figures, posted at www.opensecrets.org/pacs/indus/2000/F11.htm, are based on data from the Federal Election Commission.

Ernst & Young's PAC ponied up the most money, with $850,886, $545,396 of which went to Republican candidates. Deloitte & Touche contributed $751,195, with $486,524 going to Republican candidates. The American Institute of CPAs' PAC gave $657,116, with Republican candidates getting $421,951. PricewaterhouseCoopers' PAC contributions totaled $573,553, $356,349 of which went to Republican candidates. Arthur Andersen's PAC gave $317,120 of its total $480,295 contributions to Republican candidates. KPMG's PAC contributed $451,715, with $286,497 going to Republican candidates, while the National Society of Public Accountants' PAC, which contributed $9,425 overall, gave $4,825 of that to Republicans.

-- SmartPros News Staff

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