The development of sound and strong cooperative associations is of fundamental importance to our agriculture.
Calvin Coolidge
The Public Record
Calvin Coolidge was the 30th President of the United States, serving from 1923 to 1929. A member of the Republican Party, he was known for his quiet demeanor and strong support for business and limited government. Coolidge's presidency is often associated with the economic prosperity of the Roaring Twenties, and he famously advocated for a hands-off approach to the economy, believing that government should interfere as little as possible in the lives of citizens and businesses.
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It is because of this circumstance that national tax reduction has a very large indirect benefit upon the farmer, though it can not relieve him from the very great burden of the local taxes which he pays directly.
Industrial and commercial activities, being carried on for the most part by corporations, are taxed at a much higher rate than farming, which is carried on by individuals.
No condition meets this requirement which fails to supply a fair return on labor expended and capital invested.
Those who wish to benefit foreign producers are much more likely to secure that result by continuing the present enormous purchasing power which comes from our prosperity that increased our imports over 71 per cent in four years than from…
Such a reduction would directly affect millions of taxpayers, release large sums for investment in new enterprise, stimulating industrial production and agricultural consumption, and indirectly benefiting every family in the whole country.
The Congress has already set the notable example of treating tax problems without much reference to party, which might well be continued.
I am very strongly of the conviction that this is so much a purely business matter that it ought not to be dealt with in a partisan spirit.
But I am not advocating tax reduction merely for the benefit of the taxpayer; I am advocating it for the benefit of the country.
Whenever the state of the Treasury will permit, I believe in a reduction of taxation.
Efficiency has been greatly promoted through good management and the constantly increasing cooperation of the wage earners throughout the whole realm of private business.
From a reduction of the debt and taxes will accrue a wider benefit to all the people of this country than from embarking on any new enterprise.
I am convinced that it would be greatly for the welfare of the country if we avoid at the present session all commitments except those of the most pressing nature.
What he saves through his private effort is not to be wasted by Government extravagance.
He is not to be deprived of what he earns that others may be benefited by what they do not earn.
He is dependent on himself for support and therefore entitled to the rewards of his own industry.
The whole theory of our institutions is based on the liberty and independence of the individual.
It means an increase in the burden of taxation, dissipation of the returns from enterprise, a decrease in the real value of wages, with ultimate stagnation and decay.
Nothing is more, destructive of the progress of the Nation than government extravagance.
But if the Constitution conferred such right, sound economics would forbid it.
They have not empowered their Government to take a dollar of it except for a necessary public purpose.
The property of the country, like the freedom of the country, belongs to the people of the country.
It does not have to be excused as a temporary expedient adopted as the lesser evil to remedy some abuse, it is not a palliative seeking to treat symptoms, but a major operation for the, eradication at the source of a large number of social…
Whatever doubts may have been entertained as to the necessity of this policy and the beneficial results which would accrue from it to all the people of the Nation, its wisdom must now be considered thoroughly demonstrated.
Prosperity resulting from these causes rests on the securest of all foundations.
Politicians like Calvin Coolidge
