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.
Why should corporate officers be allowed to use corporation funds secretly to promote their political positions without disclosure or the permission of the owners of the corporation, the stockholders? A newspaper won't print a letter to the editor without a persons name and address.
These disclosures should also include the specific bills that their lobbyists are pushing to get into legislation, usually to get taxpayer money.
Thank you for considering my comment.
Sincerely,
Joseph Seliga