Shareholders to SEC: Expose corporate 'dark money' in politics
(Source: Teamster Nation, October 31, 2013)
WASHINGTON, D.C. — Wouldn't it be nice to know how much of your money is being spent to elect anti-worker politicians to office?
If you have any retirement savings, you probably own stock in a public corporation. And the CEOs of those corporations can spend your money however they wish on politics -- without telling you.
Since the Supreme Court's 2010 Citizens United decision, corporations have been pouring millions of dollars into shadowy groups to influence elections. In the 2012 election, up to $400 million was funneled into these "dark money" groups -- that's 500 percent more than in the previous presidential election before Citizens United.
More often than not, that corporate money is being spent to elect anti-worker candidates to public office.
A new SEC rule being considered would require publicly traded companies to disclose to shareholders the corporate funds spent on political campaigns.
Full story: Teamster Nation
Friday, November 01, 2013