April 28, 2012
Dear members of the Securities and Exchange Commission:
Secrecy has no place in a democracy. This law was upheld by a Republican dominated Supreme Court to improve its party's chances in the November election. This law needs to be repealed--it is turning us into an oligarchy--a country ruled by leaders of big corporations who are typically Republicans. Congress needs to represent the interests of its constituents--buying elections is not among them.
I am writing to urge the SEC 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.