Calvin Coolidge Comments: "The taxes of the Nation must be reduced now as much as prudence will permit, and expenditures must be reduced accordingly."

"The taxes of the Nation must be reduced now as much as prudence will permit, and expenditures must be reduced accordingly. High taxes reach everywhere and burden everybody. They gear most heavily upon the poor. They diminish industry and commerce. They make agriculture unprofitable. They increase the rates on transportation. They are a charge on every necessary of life. Of all services which the Congress can render to the country, I have no hesitation in declaring to neglect it, to postpone it, to obstruct it by unsound proposals, is to become unworthy of public confidence and untrue to public trust."
President Calvin Coolidge- first annual message- December 6, 1923