I would be in favor of that if we also blocked media coverage of the election other than strictly objective dates and times style coverage. No opinion sections in newspapers, no “John Oliver” type shows talking about politics, no Fox and Friends, etc.
Otherwise, you give tremendous power to the owners of media companies and then all the previous funds that were raised will go towards buying or starting media companies so they can give your candidate favorable coverage.
If we only fixed the media coverage of the election while still not allowing Puerto Ricans to vote in the Primaries, and still allow super governmental agencies (like the DNC) to conspire with candidates, I don’t think a lot would change.
But it’s been widely accepted since West Wing first aired that corruption in America’s electoral system (and politics generally) can be traced back to campaign finance reform as patient-0.
Representatives are constantly campaigning and raising money for the next election and the rest follows from freeing them to actually do their job.
Edit: I’m not sure which reforms you are referring to, but I bet that corruption existed in American politics before that, even before election financing was a thing. Corruption is a serious problem in democracies that have serious and strict regulations on campaign financing. A prime example here is Israel.
Right now it is literally all graft and no progress at all to the point that we can barely pass the same bloated terrible budget we pass every year.