President calvin coolidge biography facts

What did calvin coolidge do as president

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Coolidge Facts

History books haven’t always focused on the thirtieth president. Still, his record and achievements were so great they warrant our attention today. Here are some of the facts about Coolidge.

Coolidge balanced the budget every year he was president, from 1923 to 1929.

When Coolidge left office, in early March, 1929, the federal budget was lower than when he came in.

Coolidge and his treasury secretary, Andrew Mellon, made cutting taxes a top priority. After years of very high wartime tax rates, rates were reduced significantly under the Revenue Acts of 1921, 1924, and 1926, especially the latter, which was the crowning achievement of Coolidge tax program. The combined top marginal normal and surtax rate declined from 73% to 58% in 1922. In 1924, the top tax rate decreased to 46% (income over $500,000). The top rate was only 25% (income over $100,000) from 1925 to 1928. It is also worth noting that numerous “nuisance” taxes, such as on cars and theatre tickets, were eliminated.

Coolidge and his Treasury Secretary, Andrew Mellon, cut income tax rates down to 25%, a rate lower than President Ronald Reagan’s famous 28% rate in 1986.

Coolidge vetoed 50 bills in the course of his presidency. He was a regular maestro of one particular instrument, the pocket veto.

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Calvin Coolidge

President of the United States from 1923 to 1929

For his grandfather, the Vermont state representative, see Calvin Galusha Coolidge.

"John Calvin Coolidge" redirects here. For his father, see John Calvin Coolidge Sr.

Calvin Coolidge
Coolidge in 1924
In office August 2, 1923 – March 4, 1929
Vice President
Preceded by	Warren G. Harding
Succeeded by	Herbert Hoover
In office March 4, 1921 – August 2, 1923
President	Warren G. Harding
Preceded by	Thomas R. Marshall
Succeeded by	Charles G. Dawes
In office January 2, 1919 – January 6, 1921
Lieutenant	Channing H. Cox
Preceded by	Samuel W. McCall
Succeeded by	Channing H. Cox
In office January 6, 1916 – January 2, 1919
Governor	Samuel W. McCall
Preceded by	Grafton D. Cushing
Succeeded by	Channing H. Cox
In office January 7, 1914 – January 6, 1915
Preceded by	Levi H. Greenwood
Succeeded by	Henry Gordon Wells
In office January 3, 1912 – January 6, 1915
Preceded by	Allen T. Treadway
Succeeded by	John B. Hull
Constituency	Berkshire, Hampden, and Hampshire counties
In office January 3, 1910 – January 1, 1912
Preceded by	James W. O'Brien
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