January 15, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
Corporations should have to disclose their political spending. Otherwise, the enormous contributions they may make become nothing more than bribes and our government goes up for sale to the highest bidder. That bidder will never be a member of the middle or lower class. That bidder will rarely even be an individual taxpayer. Usually, it will be a mega-corporation with money to throw at any potential advantage.
I’m writing to urge the commission’s prompt approval of rules requiring public disclosure of political spending by publicly-held companies. Disclosure is vital to the SEC’s responsibility to ensure that investors have the information they need to make sound decisions about when and where to put their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.
Thank you for considering my comment.
Sincerely,
Virginia DeMers