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256 bytes added ,  22:51, September 14, 2007
added McCain-Feingold
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Incumbents have an incentive to restrict the ability of challengers to raise money, and also to prevent independent groups to spend money criticizing the incumbents.  Repeatedly legislators have passed limitations on campaign spending, but some of those restrictions have been declared unconstitutional under the [[Free Speech Clause]] of the Constitution.<ref>''Buckley v. Valeo'' (1976).</ref>
 
Incumbents have an incentive to restrict the ability of challengers to raise money, and also to prevent independent groups to spend money criticizing the incumbents.  Repeatedly legislators have passed limitations on campaign spending, but some of those restrictions have been declared unconstitutional under the [[Free Speech Clause]] of the Constitution.<ref>''Buckley v. Valeo'' (1976).</ref>
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"McCain-Feingold" imposed strict prohibitions on issue ads by any person or entity other than the candidates with two or three months prior to an election.  The [[U.S. Supreme Court]] eventually declared an application of this law to be unconstitutional.
    
== References ==
 
== References ==
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