President Calvin Coolidge on the Importance of Low Taxes

Everything he says here, about why we don’t want high taxes, came true. Government needs to shrink. One of the greatest things he did, and he did many good things (like giving indians American Citizenship) was to cut the size of government dramatically and it had a huge benefit on the economy. He got us out of the Depression of the early 1920s in no time flat by cutting taxes and government spending dramatically. Compare that to what FDR did, which was the opposite. His depression lasted nearly a decade due to his policies.

UPDATE: Some Democrats understood you don’t raise taxes in a recession. Meanwhile, the hacks continue to lie about raising taxes on the “rich” (aka small business owners).

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