Washington Post:

The Supreme Court struck down Vermont’s strict limits on campaign contributions and spending yesterday, in a splintered ruling that left intact the constitutional basis of current campaign finance laws but may make it difficult to put new curbs on money in politics.

Vermont’s law, approved in 1997, was the toughest in the country with regard to setting limits on the amount individuals and parties may contribute to campaigns and, perhaps more significantly, on how much candidates may spend on their campaigns.

The measure was enacted as a direct challenge to Buckley v. Valeo , the 30-year-old Supreme Court ruling that has generally been read to permit limits on campaign contributions, for the purpose of stopping corruption or apparent corruption — and to bar limits on candidates’ spending as a violation of free speech.

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