Herbert Hoover : Big Government and Big Tax Increases

The Daily Signal reminds us that Herbert Hoover was no fan of the free market:

President Herbert Hoover asked for a temporary tax increase…in June 1932, raising the top income tax rate from 25% to 63% and quadrupling the lowest tax rate from 1.1% to 4%. That didn’t help confidence or the Treasury. Revenue from the individual income tax dropped from $834 million in 1931 to $427 million in 1932 and $353 million in 1933.

Just a reminder the next time progressives tell you Herbert Hoover cut government spending and believed in minimal government.