Chapter 4: Tax Cuts of the Roaring 1920s

1. The audio recording of William McAdoo, Former Woodrow Wilson Treasury Secretary of the Treasury, giving his tax-cut speech “Revise Taxes” in 1919 is here. (Library of Congress)

2. A study of the role of the tariff in the revenue history of the United States is this paper from Arthur Laffer and Brian Domitrovic, “Tariffs and the Objectives of Political Leadership,” here.