Senators Elizabeth Warren, D-Mass., and Robert Menendez, D-N.J., want us to believe a simple progressive fairy tale that we have been hearing ad naseum for years now: the government couldn’t possibly abuse its power to silence political opponents.
On Wednesday afternoon, Sens. Menendez and Warren are holding a press conference to encourage the Securities and Exchange Commission to require disclosure of all political activity from publicly traded companies. Currently, public corporations aren’t required to disclose any “non-material” political activity.
In reality, this is a push to discourage corporations from exercising their right of free speech and political association. After all, since corporations are already banned from making direct contributions to federal candidates, the proposed measure forces corporations to publicly disclose their support to non-profit organizations such as trade associations and 501(c)(4)s…..To Read More…..