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Supreme Court issues landmark Buckley v. Valeo decision

On June 8, 1976, the U.S. Supreme Court ruled in Buckley v. Valeo, upholding limits on campaign contributions but striking down limits on independent campaign expenditures and candidates' personal spending.

The decision fundamentally reshaped federal campaign finance law just months before the 1976 presidential election, affecting how the Ford and other campaigns could raise and spend money and prompting long-term regulatory and political changes.

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