Republicans Quotes

[Social Security will ] impose a crushing burden on industry and labor [and] establish a bureaucracy in the field of insurance in competition with private business.

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Republican statement on the Ways and Means committee vote.

Never in the history of the world has any measure been brought in here so insidiously designed so as to prevent business recovery, to enslave workers, and to prevent any possibility of the employers providing work for the people.

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Representative John Taber (R-NY)
292104/19/1935 | Full Details | Law(s): Social Security Act of 1935

I fear it may end the progress of a great country and bring its people to the level of the average European. It will furnish delicious food and add great strength to the political demagogue. It will assist in driving worthy and courageous men from public life. It will discourage and defeat the American trait of thrift. It will go a long way toward destroying American initiative and courage.

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Senator Daniel O. Hastings (R-DE) speaks against Social Security in 1935.
292401/01/1935 | Full Details | Law(s): Social Security Act of 1935

If America had not been free to any man to make his fortune within the law and within his abilities, we would not be the great nation we are today. To destroy incentive by excessive taxation is to lessen the production and the prosperity of the country.

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Calvin Coolidge, Los Angeles Times.
02/20/1925 | Full Details | Law(s): Tax: Estate

I do not believe that the Government should seek social legislation in the guise of taxation. If we are to adopt socialism, it should be presented to the people of this country as socialism, and not under the guise of a law to collect revenue.

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President Calvin Coolidge, Washington Post.
02/20/1925 | Full Details | Law(s): Tax: Estate

Death taxes are based entirely upon capital. This capital can be destroyed either by taking it from its owners and using it for maintenance of government, or what amounts to the same thing, by diminishing its value, or by checking the incentive for its production. That is actually happening.

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Undersecretary of the Treasury Garrard B. Winston, Los Angeles Times.
10/14/1924 | Full Details | Law(s): Tax: Estate

It is proposed to take capital and to use it in the ordinary operating expenses of Government…We are thus to live, not on income, but on principal, and to that extent we exhaust our resources and prevent the industrial expansion essential to our increasing population and our high standard of living.

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Calvin Coolidge, New York Times.
06/01/1924 | Full Details | Law(s): Tax: Estate

In considering a revision of estate taxes, there should be eliminated any question of levying the tax as a means of punishing wealth or as in some way for the social good of our civilization…The theory upon which this country was founded is equality of opportunity. So long as a man uses his abilities within the bounds of the moral sense of the community, monetary success is not a crime, but on the contrary adds to the total wealth of the country and to an increase in the standard of living as a whole.

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Andrew W. Mellon.
334304/01/1924 | Full Details | Law(s): Tax: Estate

Estate taxes, carried to an excess, in no way differ from the methods of the revolutionists in Russia.

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Andrew W. Mellon.
334404/01/1924 | Full Details | Law(s): Tax: Estate

The Federal Government should keep estate taxes as a reserve in times of national stress. All prior inheritance taxes have been war taxes; and it is only now that it is proposed to destroy this reserve in times when revenues from other sources are adequate and even in excess of the Nation's needs. Such a course of action is not only thoroughly unsound but borders on economic suicide.

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Andrew W. Mellon.
334104/01/1924 | Full Details | Law(s): Tax: Estate

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