Target: Mary Jo White, Chairman of the Securities and Exchange Commission
Goal: Require corporations to disclose political spending
In 2012, corporations spent a record $6 billion on political races, courtesy of the Citizens United case that allowed them to spend without limit. Congress failed to pass a spending disclosure law that could at least let voters know who is behind an ad. The Securities and Exchange Commission has the power to issue a rule requiring disclosure of political spending from corporations, something that people have to do. Urge the Chairman of the SEC Mary Jo White to implement a new rule to mandate corporate campaign disclosure.
This proposed rule change is backed by legal scholars, 80 members of Congress and more than 500,000 Americans, a number that keeps growing every day. Desire for political campaign donations disclosure is bipartisan: both Democratic and Republican voters are demanding it. Of course, the other side is not sleeping, but lashing out and issuing apocalyptic predictions to try and stop the momentum. These power players include the now infamous American Legislative Exchange Council (ALEC), a lobbying group behind a model legislation named “Stand your ground” that passed in 30 states; the Chamber of Commerce and oil companies, to name a few.
However, as the SEC is evaluating the rule to require disclosure of political spending, the people are winning. In order to keep the momentum growing, please sign below. Our democracy is suffering and needs to be rescued from corporations that would like an autocracy.
Dear Chairman White,
Our democracy is in danger, and you can help rescue it from corporate hands. Corporations should be required to disclose their political contributions to political action committees and shady organizations that are influencing elections in the U.S. In 2012, a record $6 billion was spent on political races, but the public does not know where the money originated.
If corporations are people, they should disclose their political spending, just like regular people do. There should be no special privileges to corporations, but they get them now because they are rich and there is no oversight. Investors, customers and the public at large are kept in the dark about political spending decisions that are often made by CEOs alone.
As the new Chairman of the SEC, you have the momentum on your side. More than 500,000 people from both political parties, legal scholars and 80 members of Congress support the proposed rule change. Please protect American democracy, which corporations would like to turn into autocracy. You cannot let this happen. Require them to disclose political contributions.
[Your Name Here]
Photo credit: Donkey Hotey via Flickr