On the record
When the country is prosperous and free from debt, when the rate of taxation is low, opportunity exists for assuming new burdens and undertaking new enterprises.
Source
gutenberg.orgCalvin Coolidge: “When the country is prosperous and free from debt, when the rate of taxation is low, opportunity exists for assuming new…”
Editor's note · Context
Coolidge discusses the conditions necessary for economic growth and the ability to take on new financial responsibilities.
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