Here's what we're watching Thursday Inside Politics:

Turns out money is the same thing as speech in the eyes of the U.S. Supreme Court.

SCOTUS campaign finance in a nutshell: After the Supreme Court ruling in McCutcheon v. FEC yesterday, you can't just give as much money as you want to any candidate. Those limits are still set at $5,200 every two years. But there's now no limit on how much total you can give to all candidates. The old limit was $123,000 every two years. As Jeffrey Toobin put it on CNN just after the decision, essentially, in the eyes of the court, corporations are people and money is speech.

John Roberts’ majority ruling: “Money in politics may at times seem repugnant to some, but so too does much of what the First Amendment vigorously protects. If the First Amendment protects flag burning, funeral protests and Nazi parades - despite the profound offense such spectacles cause - it surely protects political campaign speech despite popular opposition.”

Stephen Breyer’s dissent: The decision “creates a loophole that will allow a single individual to contribute millions of dollars to a political party or to a candidate’s campaign. Taken together with Citizens United v. FEC, today’s decision eviscerates our Nation’s campaign finance laws, leaving a remnant incapable of dealing with the grave problems of democratic legitimacy that those laws were intended to resolve.”

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