January 18, 2012
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 investor's money on political activity 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 think the learned justices have erred in their judgment of who is a citizen of the United States. Corporations ability to provide funds for political ads far exceed citizens as a whole, and probably don't even represent their stock holders nor employees interests. Their main objective is to see that their product or service exceeds competitors, and it would probably cost less to do it, than bribing the politicians
Bethel Park, Pa., PA