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President Coolidge served as the 30th president of the United States.
President Coolidge and Tax Reforms
President Coolidge was well known for his tax reforms. He argued that higher taxes do not always mean higher tax revenues. He believed that taxes can constrict economic activity, leaving less profit and income to tax.
According to Coolidge, extremely high tax rates produce little or no revenue, because they are bad for the country, and also because they are wrong.
President Coolidge understood that he could not finance the country and cannot improve social conditions, through any system of injustice.
Learn more about President Coolidge at https://brainly.com/question/1799809
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