CQ MoneyLine reports a 17 percentage point decline on average in donations by the top 10 corporate PACs to Republican candidates during the first 11 months of 2007 from the two years prior to the 2004 presidential election. During the previous election cycle, these PACs donated most of their money to Republican candidates. Despite the decline in funding to Republicans, the report indicates that concerns about business issues have prevented most of them from shifting their donations entirely to the Democrats. Only Bank of America Corp., Anheuser-Busch Companies Inc., and General Electric Co.'s PACs have made such a move.(www.cq.com)
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