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.
CORPORATIONS ARE RUN BY PEOPLE BUT ARE NOT CONCERNED WITH THE WELL-BEING OF THE PEOPLE AND THE NATION AS A WHOLE. THEIR ONLY CONCERN IS PROFIT, EVEN IF IT MEANS SELLING OUT THE AMERICAN PEOPLE BY SENDING THEIR JOBS OVERSEAS. IT IS OBVIOUS THAT THEIR INTEREST IS NOT THE PEOPLE; THEREFORE, CORPORATIONS ARE NOT THE SAME AS PEOPLE.
'CITIZENS UNITED FEC' MUST BE REVERSED. THERE IS NO BASIS FOR IT OTHER THAN TO GIVE CORPORATIONS MORE POWER OVER PEOPLE.
Thank you for considering my comment.
Sincerely,
Sarah Reid