Trade Association Disclosure Key to Corporate Political Spending Quandary

Trade Association Disclosure Key to Corporate Political Spending Quandary

by Gary Larkin

The issue of corporate political spending has gotten a lot of attention as American companies have become concerned about the direction of the country as another presidential political cycle is about to start.

By now, nearly everyone has heard about Starbucks CEO Howard Schultz campaign (complete with full page ads in the New York Times and USA Today) to withhold campaign contributions to candidates until the President and Congress figure out a way to put people back to work and come up with a fair plan to reduce the national deficit.

Schultz' campaign, which is part of  a couple of social media-based efforts aimed at recruiting businesses to break through Washington, D.C., logjam, came at a time when his company has been bullish on the economy. But it also came a time when Congress and the President were at loggerheads about raising the federal debt ceiling and the country faced the prospect of not being to pay some of its basic bills.

Read the rest of this article on the Governance Center Blog

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