The Supreme Court ruled that campaign expenditures are akin to free speech and are therefore protected by the First Amendment in the case of

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Buckley v. Valeo (1976) is the Supreme Court case that established the principle that campaign expenditures are a form of protected speech under the First Amendment, thereby limiting the government's ability to restrict independent political expenditures by individuals and organizations.

The Supreme Court Ruled That Campaign Expenditures Are Akin to Free