Corporations aren’t people, but shareholders are.
If you or someone you know has a 401(k), a similar retirement account or other investments, the corporations funded by these investments could be among those that secretly distort our elections by funneling money — your money — toward tilting our elections to favor corporate-friendly candidates.
The Shareholder Protection Act (H.R. 1734, S. 824) proposed by Sen. Robert Menendez (D-N.J.) and Rep. Michael Capuano (D-Mass.) would empower shareholders to vote on whether to allow corporate executives to spend corporate money on political campaigns. Shareholders — not the CEO and not the board of directors — are the real owners of any publicly traded corporation, and the decision should be theirs.
Don’t let your family’s nest egg be used to promote the corporate agenda. If a majority of shareholders tell a corporation to stay out of politics, then the corporation should do exactly that.
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