history

1. Reducing Taxes on the Wealthy: As President, Coolidge decreased the income tax rate for wealthy citizens from 73 percent to 25 percent. This allowed the wealthy to keep more of their money and invest it back into the economy, which had a stimulating effect on businesses. 2. Rejecting Unions: Coolidge worked to reduce the power of unions during his presidency, often siding with employers over workers. He argued that collective bargaining by unions threatened the principles of laissez-faire economics and the smooth running of the economy. 3. Supporting Big Business: Coolidge viewed big business as the lifeblood of the economy, and he consistently boosted their efforts in his presidential pursuits. He encouraged the growth of large business entities and was a staunch proponent of antitrust legislation, believing it was necessary to keep big businesses from becoming too powerful.