and it is striking how similar the political situation faced by Coolidge was to that faced by Trump.
One of the things that you may find interesting is that Coolidge wanted to lower taxes from 70 to 25 percent. The Republican progressives were worried about deficits and benefitting the Rich, and would not give Coolidge a bill until it was loaded with a bunch of spending and it also didn’t give the kind of tax reduction that Coolidge wanted, leaving all kinds of special taxes that would not help with getting the economy going. They gave him a bill that only lowered to 40 percent. He thought about it, and ultimately decided that signing would be better than the current rate, even if it was not what he wanted, and so he signed, reluctantly. The revenue then began pouring in. In another year, he got the tax bill that he wanted.