Campaign finance reform impacts democracy primarily by addressing the influence of money in politics. Reforms aim to limit the financial power that individuals and organizations exert on electoral outcomes, promoting fairer competition among candidates. By implementing restrictions on contributions and enhancing transparency, reforms seek to prevent corruption and ensure that all voices are heard, regardless of economic status. These changes can lead to increased voter participation and a more equitable political environment. However, challenges remain, as entrenched interests may resist reforms that threaten their influence.