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.*********** WE need to match up that corporate spending with what they say they are making. Let's move those Cayman Island a little closer to the IRS, o.k.? Besides, SEC, it would give you even more power to get the job done, or actually stated, in finding where all that corporate money is going, and into what pockets, and at what price for a democratic republic!*****
Thank you for considering my comment.