February 4, 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 all 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.
People in corporations already have the right to donate as much as they want to the candidates of their choice. They do not need to give the corporation's funds as well. Without public disclosure it makes the donations little more than bribes. Our government should not be for sale to the highest donator.
Thank you for considering my comment.
Sincerely,
M. Ray