I've always thought that "campaign finance reform" was inconsistent with free speech.
Here's a piece by Robin Blumner that goes into a bit of detail on the issue.
Nat Hentoff weighed in a while ago on the Supreme Court's 5-4 decision upholding McCain-Feingold, the latest federal campaign law. Hentoff is one of the more consistently pro-free speech media commentators, and has been for years.
His sponsorship of the "reform" bill is my No. 1 reservation about McCain's candidacy.
In my supervisorial district two millionairesses are going at it hammer and tongs. If I ran, even with lots of support, campaign finance restrictions would prevent me from competing with either, even if I had supporters with money.