July 25, 2013
I am writing you to have publicly traded corporations to publicly disclose all their political spending to help facilitate truth in democracy.
Secretive groups that accept contributions from corporations, but are not required to publicly identify their corporate donors, spent alott of money during the 2012 elections. Distortion of our democracy is easily facilitated by these hidden corporate agendas, without them having to pay a public backlash for their stance. Their stockholders should be informed as well, to allow for more or less buying of their stock, depending on the political spending policies.
Both shareholders and the public have to be fully informed as to how much corporations spend on politics and which candidates are being transformed for good or bad, by an otherwise secretive agenda driven few. Disclosures of political corporate spending should be posted timely on the SEC’s web site.
The Supreme Court’s ruling in Citizens United v. Federal Election Commission enables secret spending by corporations. The SEC has the authority to stop this unseen distortion spending of stockholder monies for the political views of a few at the top without the disclosure to stockholders out in the light of day.
Please consider your decisions on this matter could make all the difference for our democracy, and the future of generations well being.
Thank you for serving ...
Steve Tripp
San Diego, CA