Political fundraisers for the accounting profession have already contributed nearly $6 million to the campaigns of more than 300 candidates in this fall's congressional elections, including House and Senate hopefuls from both political parties and every spot on the American political spectrum.Donations from the accounting industry's free-spending political action committees have been spread around to an assortment of candidates, ranging from liberal Massachusetts Democrat Rep. Barney Frank, to arch-conservative Mississippi Republican Sen. Trent Lott.
But an exclusive Accounting Today analysis of U.S. Federal Election Commission records shows that the profession's strongest campaign support has been earmarked for a handful of powerful and well-positioned congressional incumbents who figure to be helpful in advancing the accounting industry's legislative agenda in the 110th Congress.
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