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Court Strikes Down Campaign Finance Rule on Wealthy Candidates

HeadlineJun 27, 2008

In another judgment, the Supreme Court struck down a key part of campaign finance reform regulating how wealthy candidates finance their campaigns. The so-called “millionaire’s amendment” forces candidates to disclose additional information and allows opponents to raise more money. In a five-to-four ruling, the Court said the amendment is unconstitutional because it unfairly restricts wealthy candidates.

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