January 31, 2012
Securities and Exchange Commission
Right now, Super PACs don't have to disclose their unlimited corporate donations. That means they can keep the public in the dark about who's funding the attack ads that bombard their TV screens daily.
That's why I'm joining with the 14 United States senators who formally asked you to use your regulatory authority to require that corporations disclose their spending in elections.
SEC: Exercise your regulatory authority to require public disclosure of corporate political contributions.
Donations or contributions made by corporations or individuals to influence elections, candidates or legislation may not be used as a tax deduction against profits or income.
Wages or salaries paid to lobbyists by corporations or individuals to influence legislators similarly, may not be claimed as a tax deduction against profits or income. Such wages or salaries shall be taxed as ordinary income.