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It may seem that with the Buckley decision, soft money and PACs the hope for reform has been lost, however there is still hope. The Supreme Court upheld the voluntary public financing of presidential election, which was considered a great step forward because taking public funds requires the candidate to limit their spending on the federal level. There is also the “hard money” in political campaigns, which is strictly regulated by law through the Federal Election Commission. Hard money is the contrast to soft money meaning that it is the contributions made by a person or PAC that gives to a federal campaign or political party for the use in federal elections. But of course with one step forward there is always two steps back. Because of the way soft money has forged it way into being one of the primary sources of federal campaigns, it has made a mockery of public financing at the federal level. Soft money and all its allied forms of legal cheating and finance loopholes have almost completely stopped any effort or control to regulate and disclose federal campaign funding.
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