A Quote by B. C. Forbes

Uncertainty hurts business. It annoys individuals. Why keep the whole country, including business and individuals, in uncertainty over the extent of the tax burdens to be placed upon us? How many of those who voted for Calvin Coolidge imagined for a moment that would do nothing to bring about tax relief before 1926?.... But if the Administration persists in opposing a special session then it will inevitably be 1926 before action is taken.... Coolidge and Congress should ease our minds and grease our activities by reforming and reducing taxation as soon as feasible after March 4.
President Coolidge said, 'I don't want the Government to go into business.' Well, if I was Mr. Coolidge I wouldn't worry over that. The Government never has been accused of being a business man.
As president, I would promote a Fair and Flat Tax plan, known as the 'EZ Tax.' My tax plan would be the largest tax cut in American history, reforming individual, business, and worker taxes.
One day the President and Mrs. Coolidge were visiting a government farm. Soon after their arrival they were taken off on separate tours. When Mrs. Coolidge passed the chicken pens she paused to ask the man in charge if the rooster copulates more than once each day. "Dozens of times, was the reply." "Please tell that to the President," Mrs. Coolidge requested. When the President passed the pens and was told about the roosters, he asked "Same hen every time?" "Oh no, Mr. President, a different one each time." The President nodded slowly, then said, "Tell that to Mrs. Coolidge."
Coolidge was a pragmatist. He didn't start out with a tax theory. But he observed over time that lower tax rates sometimes brought in extra revenue. The success of his and Treasury Secretary Andrew Mellon's experiment with rate cuts has been obscured by our modern history books.
5: Social security will break small business, become a huge tax burden on our citizens, and bankrupt our country! 1944: The G.I. Bill will break small business, become a huge tax burden on our citizens, and bankrupt our country! 1965: Medicare will break small business, become a huge tax burden on our citizens, and bankrupt our country! 1994: Health care will break small business, become a huge tax burden on our citizens, and bankrupt our country!
Sticking with uncertainty is how we learn to relax in the midst of chaos, how we learn to be cool when the ground beneath us suddenly disappears. We can bring ourselves back to the spiritual path countless times every day simply by exercising our willingness to rest in the uncertainty of the present moment—over and over again.
And, frankly, what happens out of Washington is, it creates a wind in my face, uncertainty over Obamacare, uncertainty over their tax policy, uncertainty over the regulatory policy.
In a way, Calvin Coolidge is better than Reagan. His tax rates were lower, and he cut budgets.
If Coolidge were a stock, he'd be a buy. The experts have historically ranked Coolidge in the bottom quartile or bottom half of all presidents. But his economic performance and his statesmanship suggest Coolidge belongs in the top quarter of presidents. The disparity between the Coolidge price and Coolidge value is huge. So revision is warranted.
The good people of Dakota offered to give Calvin Coolidge a farm if he would live on it. I wouldn't advise you to give those people too much credit for generosity. There is not a farmer in any State in the West that wouldn't be glad to give him a farm if he will paint it, fix up the fences and keep up the series of mortgages that are on it. And if you think Coolidge ain't smart, you just watch him not take it.
The 9-9-9 plan would resuscitate this economy because it replaces the outdated tax code that allows politicians to pick winners and losers, and to provide favors in the form of tax breaks, special exemptions and loopholes. It simplifies the code dramatically: 9% business flat tax, 9% personal flat tax, 9% sales tax.
Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.
We not only heard it before 20 years ago, before George Bush in 2001 passed his tax relief, before in 2003 the tax relief were past, we were told they were dead. Before we provided prescription drugs for Medicare, we were told it wasn't going to happen.
Calvin Coolidge was one of the best presidents. Why? Because he did absolutely nothing.
Tax reform for the 21st century means rewarding hardworking families by closing unfair loopholes, lowering tax rates across the board, and simplifying the tax code dramatically. It demands reducing the tax burden on American businesses of all sizes so they can keep more of their income to invest in our communities.
The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.
This site uses cookies to ensure you get the best experience. More info...
Got it!