September 07, 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.
In addition to requiring corporations to disclose their political spending; i.e. funds expended directly to candidates as well as political action committees, the SEC should also refer to the IRS any instances where a corporation is trying deduct political contributions as a business expense or as a charitable contribution in an attempt to evade their tax liability in violation of 26USC7201.
Thank you for considering my comment.
Sincerely,
Frederick Hoppel