November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
I adamantly oppose corporate money in our electoral process.
Teddy Roosevelt recognized the corrosive influence of corporate money on the political process in the early 1900s and worked hard to eliminate it. Now, Congress and the Supreme Court have opened the door wide to every corporate and individual millionaire and billionaire in the country.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret.
Please issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
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.