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.
****When I make political donations, I'm fine with everyone knowing who I supported and how much I donated! Corporations are making these decisions for ALL the shareholders who fund those corporations. That's just wrong because many of those investors certainly do not share the political ideology of the board members so their money is being used to support politicians they do not like. This should be ILLEGAL IN ALL CIRCUMSTANCES!! I'm sure many of these shareholders investing their own money would be outraged by this blatant abuse of money and power!***
So I am writing to urge the Securities and Exchange Commission to issue a rule requiring all political donations by corporations be fully disclosed.
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.
Thank you for considering my comment.