Calvin Coolidge: Difference between revisions
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"In contrast to the onerous burden created under Woodrow Wilson, during the Coolidge years the bottom bracket's tax rate was brought down to 1.5 percent by 1926, while an upper-middle-class (though hardly "filthy rich") household earning $20,000 saw its tax rate slashed to 9 percent. | "In contrast to the onerous burden created under Woodrow Wilson, during the Coolidge years the bottom bracket's tax rate was brought down to 1.5 percent by 1926, while an upper-middle-class (though hardly "filthy rich") household earning $20,000 saw its tax rate slashed to 9 percent. | ||
"He ran budget surpluses every year he was in office."<ref>Murphy, Robert P. [http://mises.org/daily/4882 Interwar Presidents and the Fantasies of Historians]</ref> | "He ran budget surpluses every year he was in office."<ref>Murphy, Robert P. [http://mises.org/daily/4882 Interwar Presidents and the Fantasies of Historians]</ref> | ||
Revision as of 13:45, 26 January 2011
Calvin Coolidge was the 30th President of the United States (1923–1929).
According to Bob Murphy, "As far as fiscal responsibility, Coolidge was superlative.
"In contrast to the onerous burden created under Woodrow Wilson, during the Coolidge years the bottom bracket's tax rate was brought down to 1.5 percent by 1926, while an upper-middle-class (though hardly "filthy rich") household earning $20,000 saw its tax rate slashed to 9 percent.
"He ran budget surpluses every year he was in office."[1]
References
- ↑ Murphy, Robert P. Interwar Presidents and the Fantasies of Historians