National Affairs: Tax Talk

It was with a shrewd move that President Coolidge sought to counteract the Democratic fervor which grew loud with the election returns. He knew that as soon as Congress opened in December there would be a clamor for a general tax reduction, that Senator Furnifold McLendel Simmons of North Carolina, ranking Democrat on the Finance Committee, and many another anti-Administration man would champion such a plan. So what could be wiser than for the President to be Champion Tax Cutter No. 1? In the first Cabinet meeting after election day he explained...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!