April 28, 2012
Dear members of the Securities and Exchange Commission:
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.
It is obvious that in this day and age our elected officials require enormous donations to fund excessively expensive campaigns. Thus they become indebted to those who give them the most. It would be ridiculously naive to think that our officials will not now be bought and paid for by corporations with their unlimited contributions. Corporations continue to acquire more and more rights and influence, while those of voters diminish. Perhaps the last crumb we may request is to at least know who owns the candidates we are asked to vote for.
Thank you for considering my comment.