New York (CNNMoney) - Here's one of corporate America's worst-kept secrets: Companies are propping up politicians' campaigns with huge stacks of cash.
But a new study shows that more publicly-traded firms are being more upfront than ever about who they're backing and how much they're paying.
The new normal: unceasing public pressure on publicly traded companies who buy elections to show SOME transparency. Companies who don't want to be pestered by activist groups would be advised to just be upfront.
Better would be laws enforcing disclosure. Buy elections, lose your privacy. Full effeck, yo.
The publicly traded firms should have to show their donations. It's the privately held "small businesses" that file their taxes as "S-Corporations" that need to held more accountable. You'd be surprised how many privately owned, multi-billion dollar companies are able to file their taxes as an "S-Corporation" because of how the definiton is written.