February 1, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.
If I want to contribute to a political issue I would do so. However I abhor patronizing a business that contributes to issue that not only do I not support, but would actively work against. The supreme court certainly fumbled the ball on this. Money is an instrument of commerce, not free speech any more than a corporation is a person. That is the most ridiculous and specious statement ever made. It is clear that legal arguments are little more than sophistry. I am urging that the supreme court review their decision, or congress needs to take remedial steps.
Sincerely,
Josiah Bacon