Quote – Calvin Coolidge, Los Angeles Times.

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.

Calvin Coolidge, quoted in James O’Donnell Bennett, “Coolidge Would Abolish Federal Estate Taxes,” Los Angeles Times.

Friday, February 20, 1925