Top-Giving PACs Favor GOP Candidates 10-1

[oldhat]

http://story.news.yahoo.com/news?tmpl=story&cid=536&ncid=536&e=7&u=/ap/20041125/ap_on_el_pr/pac_giving

Top-Giving PACs Favor GOP Candidates 10-1
By SHARON THEIMER, Associated Press Writer

WASHINGTON - The top-giving corporate political action committees didn't hedge their bets in the fall elections despite the narrow division between the GOP and Democrats in Congress. They favored Republican candidates 10-to-1.

Of 268 corporate PACs that donated $100,000 or more to presidential and congressional candidates from January 2003 through the middle of last month, 245 gave the majority of their contributions to GOP hopefuls, according to an analysis released Wednesday by the nonpartisan Political Money Line campaign finance tracking service.

Twenty-three corporate PACs made more than half their donations to Democratic candidates, according to the study, based on the most recent campaign finance reports available.

Corporate PACs are financed with limited donations from company employees, who can each give up to $5,000 per year. In turn, the PACs can donate up to $5,000 for a primary and another $5,000 for the general election to each federal candidate they support.

No money from the corporation itself can go to congressional or presidential candidates.

The five most Republican-leaning corporate PACs include:

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[JohnLocke]

1. Obviously (nt).

[nadinbrzezinski]

2. ok,ok, exactly how am I suposed to be shock?

[DaveofCali]

3. The Corporations don't care about America

Hell, the leaders of the company don't even care that much about the corporation itself. Their Executives only care about getting priviledges and especially special access to loot the vault of American taxpayers money.