In Buckley v. Valeo (1976), the Supreme Court decided that campaign contributions are a form of free speech protected by the First Amendment. Supporters of this decision argue that limiting contributions restricts individuals' ability to express their political opinions and support candidates they believe in. They believe that money is an essential part of politics, as it helps candidates communicate their messages to voters. On the other hand, opponents argue that large contributions can lead to corruption and that wealthy individuals or groups might have an unfair advantage in the political process.
The Supreme Court focused on important factors like the distinction between contributions (direct financial support) and expenditures (spending to advocate for candidates). They concluded that while contributions could be regulated to prevent corruption, spending money to promote political views is a core part of free speech and should not be limited. This case continues to influence how money in politics is treated today.