March 28, 2014
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 investors' money 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.
This is supposed to be a Democracy of Individuals not a Democracy of a Group of Individuals using taxpayer dollars to dictate to those in Washington, namely, the U.S. Congress and the Supreme Court to dominate the electoral process. This is wrong and one of the things that might be able to dissuade these large corporations to cease this unconscionable act against our citizenry is to make these corporations disclose fully what they spend on politics, specifically to show which candidates they are promoting and those candidates they are attacking.
Publication of these entities on the SEC's site has to be done IF our Democracy, which is a Republic, is to continue. We do not want the United States to become a Dictatorship, Oligarchy, Aristocracy or Corporatocracy. So, please help us put the United States back on the right track.
Signed by Mr. and Mrs. Rudy Stippec
Thank you for considering my comment.
Rudy and Barbara Stippec