Calvin Coolidge's Inaugural Address: Section 4: Party Politics and the Economy Summary

Stick to the Script and Lower those Taxes

  • Although the American political party system is flawed, it's the best system that's been created so far.
  • People and politicians shouldn't be too narrow-minded, but they should also stick to their party platforms and be genuinely loyal to their parties.
  • If a party is elected to be a majority in government, that means that the people expect them to be unified and effectively enact their platform.
  • In the last election, the people clearly made their will known—especially their support for private property rights.
  • The American people also clearly support reduced and reformed taxes.
  • It costs so much to run the country, it's beyond comprehension—but there are also a lot of resources.
  • Americans clearly want a super-reduced government that doesn't waste anything.
  • Government spending means the people lose more of the money they earn.
  • Since the war's over, the government doesn't need all that tax revenue.
  • People have a right to keep their own property and the government doesn't have a right to take it.
  • The best way to promote prosperity is to make it a possibility for more people, not punish those who've already achieved it.
  • Lowering taxes means protection of property, which is a moral issue.
  • The U.S. economy is doing well because of high salaries, the protective tariff, and immigration restrictions.
  • Agriculture isn't recovering as well as industry, but it looks like things are finally turning around there, too.