February 2, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
ALREADY BIG MONEY HAS CONTAIMINATED THE POLITICAL PROCESS BY FORCING OFFICE HOLDERS TO SPEND INORDINATE AMOUNTS OF TIME FUND RAISING RATHER THAN TENDING TO PUBLIC'S BUSINESS.
WITH DISCLOSURE OF CORPERATE POLITICAL DONATIONS AT LEAST STOCKHOLDERS WHO ARE OPPOSED WILL KNOW WHERE THE MONEY IS GOING AND WOULD HAVE SOME CHANCE TO PREVENT UNWANTED EXPENDITURES
Thank you for considering my comment.
Sincerely,
karl meller