March 31, 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.
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.
The bottom line...if any big money can donate then there should be no reason to show on public record their spending. If someone spends more than &100,000 or multiple increments of $100,000 plus there should be no reason to hide it. I have no problem when someone wants to donate money...but large increments of money has a specific purpose. Multiple large doners indicates a purpose. Big corporations typically don't donate to supporters of Green Peace or support Climate Change as these groups are for changing the current human system of fossil fuel usage towards planet friendly energy. Big energy doesn't make the big bucks in Eco friendly legislation.
Thank you for considering my comment.