From wealthy donors to help him get re-elected
Nixon paid them back in favors just like they expected
To battle corruption Congress passed a new law

from Emcee Campaign Finance Reform – Money Is Speech Lyrics on Rap Genius

Meaning

The Nixon campaign’s committee (Committee to Re-Elect the President) (yep, that’s right; CREEP) was famous for taking tons of illegal contributions — cash in suitcases — which was eventually uncovered by the Watergate hearings.

There were plenty of examples of alleged payback, but the most colorful was the American Milk Producers who gave $2 million to Nixon, and Nixon reversed a promise to deregulate milk prices, and thus gave the milk industry $100 million in higher prices. The story is told well by NPR:

http://www.npr.org/blogs/itsallpolitics/2011/11/16/142314581/illegal-during-watergate-unlimited-campaign-contributions-now-fair-game

The new law was the Federal Campaign Act of 1974.

To help improve the meaning of these lyrics, visit “Money Is Speech” by Emcee Campaign Finance Reform Lyrics and leave a comment on the lyrics box