Political fundraisers for the accounting profession have been hedging their bets during this year's election campaigns, earmarking significant support for powerful House and Senate Democrats while channeling even more money to Republicans faced with tough re-election battles next month.As the 2008 congressional elections entered the homestretch, the accounting profession's seven accounting political action committee fundraising organizations had assembled a combined war chest of more than $8.8 million to support congressional candidates considered friendly - or at least important - to the profession.
An exclusive Accounting Today analysis of Federal Election Commission records found that the political fundraising groups sponsored by the Big Four accounting firms and other professional organizations had already contributed nearly $3.4 million to House and Senate candidates in the 2008 elections.
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