November 98, 2013
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 – and to do so this year.
“Dark money” groups that accept contributions from corporations, but are not required to publicly identify their corporate donors, spent millions of dollars during the 2012 elections. It is a scandal that money from publicly traded corporations – which belongs to investors – can be secretly spent to distort our democracy.
The Supreme Court’s ruling in Citizens United v. Federal Election Commission created the loophole that enables this secret spending, but the SEC has the authority to close it.
Both shareholders and the public must be fully informed as to how much corporations spend on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC’s web site.
We must return to a government of , by , and for the people ( citizens ) of this Nation ; and not government of , by , and for the corporations . Corporations are not people and they should be banned from any involvement or interference in the governing of this Nation . It is long past time to ban any and all involvement by corporations in the process of governing this Nation . There should be an impenatrable fire wall between corporations and any and all levels of government . This is what our Founding Fathers wisely established and what we have foolishly frittered away .
Thank you for considering my comment.
Ballston Spa, NY