Calvin Coolidge Quotes
There is no escaping the fact that when the taxation of large incomes is excessive, they tend to disappear.
Coolidge, Calvin. "Address at the Annual Banquet of the National Republican Club." New York, 12 Feb. 1924.
Reacting to proposals to reduce the capital gains tax:
The nation rejected the flat tax that was favored by conservatives in the 1930s. However, in the Republican Presidential Primary Campaign of 2000, candidate Steve Forbes made the flat tax a centerpoint of his campaign. He lost badly, but the idea caught on amongst some conservative Republicans, and has had some support since.
He was one of the richest men in America, who thought that the tax burden on the very wealthy was too low given the needs of the nation and the ability of the wealty to pay..
Calvin Coolidge was an American lawyer and politician who served as the 30th president of the United States from 1923 to 1929. A Republican lawyer from New England, born in Vermont, Coolidge worked his way up the ladder of Massachusetts state politics, eventually becoming governor of Massachusetts. His response to the Boston Police Strike of 1919 thrust him into the national spotlight and gave him a reputation as a man of decisive action. The next year, he was elected the 29th vice president of the United States, and he succeeded to the presidency upon the sudden death of Warren G. Harding in 1923. Elected in his own right in 1924, he gained a reputation as a small-government conservative and also as a man who said very little and had a rather dry sense of humor.