April 30, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC 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.
Our election process is a public event, it only becomes private when the voter enters the booth. If a corporation or person wants to speak then they need to say who they are and what their involvement with the issue is so that people may speak to the source of their opposition. Corporations do not want this because we might not buy their products if we don't like their political stance. Too bad, if you want to speak out in the political process you take the consequences of your speaking. Our constitution also says that citizens elect our representatives and most large corporations today from the board on down have foreigners employed. This allows foreign money and influence into our elections.
Thank you for considering my comment.