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.
Thank you for considering my comment.
The obscene amount of money spent on the 2012 preisdential campaign was related to the Citizens United decision. The first year it was in place 1 billion was spent, in 2012, well over 4 billion was spent on political ads, most of which were emotional smearing which often was factually inaccurate. This situation has become America's shame.
Sincerely,
Marjorie Isaacs