April 4, 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.
In my opinion the 2012 presidential election was embarrassing and an insult to America.
In my opinion the cost of the 2012 presidential election was foolish.
Elections should not be bought. Elections should be won by the vote of the people.
I support what is upright and just, honesty and fairness.
I support removal of dishonesty and corruption from our government.
I support peace, freedom, liberty and compassion.
I support the pledge of allegiance to the U.S. flag.
I support the word of God, and God's morals as the sounding board of what is right and wrong, for a wise nation.
I support a happy, peacful nation, and that all good men are created equal, have the same rights, deserve honesty and fairness, and everyone who is willing to earn a living deserves a shot at the American Dream.
Thank you for considering my comment.