March 30, 2014
SEC
I am deeply concerned about the influence of corporate money on our electoral process.
It took awhile but the public is now aware of what has been going on behind closed doors. Huge corporations are basically buying regulations that favor their profits to the detriment of the peoploe.
Life is not all about huge profits. My father owned a small business.
There were good years and not so good years. That's business. The idea that profits have to increase exponentially for the good of the economy is ridiculous. We all know it is for the good of a few,mostly those who do not need any more "good" in their lives. They have enough. We the people need to know who is buying influence and how much of our money they are using to pay for it.
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.
Thank you for considering my comment.
Sincerely,
Lorraine Laufer