Commentary

Statement by AFL-CIO President Richard Trumka on Corporate Political Spending

In a record-breaking demonstration of support, over one million commenters have submitted comments to the U.S. Securities and Exchange Commission (SEC) calling on the agency to act now to require publicly traded corporations to disclose their use of corporate resources for political purposes to their shareholders.

Washington, DC–(ENEWSPF)–September 4, 2014.  The American labor movement proudly joins the chorus of one million Americans demanding the SEC require publicly traded corporations disclose their currently hidden “dark money” political spending. Since the Supreme Court’s devastating Citizens United decision, corporate dark money has flooded our elections and made our American politics even less fair for working people. It is bad enough that for-profit corporations are allowed to try to buy elections, but it’s even worse when they can oppose a family-friendly agenda from behind a veil of secrecy. A true democracy values transparency, it does not let corporations exert dramatic influence on elections while hiding in the shadows.

Source: http://www.aflcio.org

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