January 31, 2012
Securities and Exchange Commission
Dear Commission,
Right now, Super PACs don't have to disclose their unlimited corporate donations. That means they can keep the public in the dark about who's funding the attack ads that bombard their TV screens daily.
That's why I'm joining with the 14 United States senators who formally asked you to use your regulatory authority to require that corporations disclose their spending in elections.
SEC: Exercise your regulatory authority to require public disclosure of corporate political contributions.
It has gotten to the point that whomever gets the most money donated to their campaigns wins the election -- almost like the elected official won because of money, not because of expertise in deserving the government job. This must stop!!! Super PACs should be outlawed. Instead of the present way of funding political candidates, a better way might be this: Every major election should be funded by Super PACs donating money to a general "election" fund which is paid to the major TV networks and cable news organizations -- to broadcast candidates' debates. As for commercials - equal amounts should be given to each candidate running. Candidates would be allowed limited donations from other sources, i.e., private citizens, unions, and other small organizations to pay for the candidates' travel for in-person handshaking visits. Enough of the Super PACs!! Thank you.
Sincerely,
Mary Anne Riehl