March 28, 2014
I am deeply concerned about the influence of corporate money on our electoral process.
So many of us have lost faith in our political system as it functions today.
It appears to be the government of, for , and by corporations, rather than we the people. We know that there is no way that we can possibly "buy" the power and influence that the wealthy corporations can. At the very least, we should have the right to know which candidates are being bought buy which corporations.
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.
Thank you for considering my comment.
Mary Lou Isaacson