Coolidge was known as a man who did not speak much, but whose actions were very decisive. He managed to restore public confidence in the U.S. Government after the scandals of Harding’s administration. Coolidge believed that taxes and government expenditure should be reduced. In 1924, his idea was accepted by the Republicans, and Congress passed the Act according to which income tax rates would be reduced, and there would be no income taxation for some categories of U.S. citizens.
Calvin Coolidge Quotes
No person was ever honored for what he received. Honor has been the reward for what he gave.
It is much more important to kill bad bills than to pass good ones.
Collecting more taxes than is absolutely necessary is legalized robbery.
Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘Press On’ has solved and always will solve the problems of the human race.
There is no substitute for a militant freedom. The only alternative is submission and slavery.
Liberty is not collective, it is personal. All liberty is individual.
An expanding prosperity requires that the largest possible amount of surplus income should be invested in productive enterprise under the direction of the best personal ability. This will not be done if the rewards of such action are largely taken away by taxation.
After order and liberty, economy is one of the highest essentials of a free government.
Unfortunately the Federal Government has strayed far afield from its legitimate business. It has trespassed upon fields where there should be no trespass. If we could confine our Federal expenditures to the legitimate obligations and functions of the Federal Government, a material reduction would be apparent. But far more important than this would be its effect upon the fabric of our constitutional form of government, which tends to be gradually weakened and undermined by this encroachment.
There is no escaping the fact that when the taxation of large incomes is excessive, they tend to disappear.
There is no justification for public interference with purely private concerns.
One with the law is a majority.
I favor the policy of economy, not because I wish to save money, but because I wish to save people.
The property of the people belongs to the people. To take it from them by taxation cannot be justified except by urgent public necessity. Unless this principle be recognized, our country is no longer secure, our people no longer free.
When once the right of the individual to liberty and equality is admitted, there is no escape from the conclusion that he alone is entitled to the rewards of his own industry. Any other conclusion would necessarily imply either privilege or servitude.
Our country is an exceedingly good example of the fact that if production be encouraged and increased, then distribution fairly well takes care of itself… no other country ever approached ours in the equal and general distribution of prosperity.
Where commerce has flourished there civilization has increased. Today it is not the battle fleet, but the mercantile fleet which in the end will determine the destiny of nations.
We have got so many regulatory laws already that in general I feel that we would be just as well off if we didn’t have any more.
Don’t expect to build up the weak by pulling down the strong.
Men do not make laws. They do but discover them. Laws must be justified by something more than the will of the majority. They must rest on the eternal foundation of righteousness.
Ultimately, property rights and personal rights are the same thing.
Freedom is not only bought with a great price; it is maintained by unremitting effort.
After all, the chief business of the American people is business… In all experience, the accumulation of wealth means the multiplication of schools, the encouragement of science, the increase of knowledge, the dissemination of intelligence, the broadening of outlook, the expansion of liberties, the widening of culture.
I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical form.