January 18, 2012
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 investor's money on political activity 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.
I don't want corporations using consumers profits to promote politicians who will work against the people.
I don't like for our elected officials to have to beg for money.
I don't like for our elected officials to be beholdin to whoever gives them the most campaign money. This is destroying our country. We must find a better way!
Thank you for considering my comment.