Novenmber 26, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Corporations do not lack for muscle in getting their messages out - But its only fair and in the best interest of democracy that information about their positions can be seen. We need checks and balances to absolute power so requiring public disclosure can help level the playing field for ordinary citizens who do not have the deep pockets, friends in high places and access to the levers of power that corporations easily have already.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
Thank you for considering my comment.
Sincerely,
John Munnelly