March 28, 2014
I am deeply concerned about the influence of corporate money on our electoral process.
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 investors' money in secret.
I am writing to urge the Securities and Exchange Commission to 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.
I have to register to vote. Now in some States we have to have photo identification in order to vote. The money spent as part of the electoral process is in essence a VOTE, a very strong one. Why don't they have to identify themselves? Yes, they should have a part in the process but they should not have a surreptitious vote as I see as this process now stands.
Thank you for considering my comment.