Treasury Secretary Andrew Mellon continued his drive toward the reduction of the size of government and the tax burdens it imposed on its citizens.Highlights of the 1926 law included:
- the reduction of inheritance and personal income taxes;
- the cancellation of many excise imposts (luxury or nuisance taxes);
- the end of public access to federal income tax returns.
The continuation of Republican tax reduction efforts would be evident again in the Revenue Act of 1928.
See other domestic activity during the Coolidge administration.