July 11, 1921:
Former U.S. President William Howard Taft is sworn in as 10th Chief Justice of the U.S. Supreme Court, becoming the only person to ever be both President and Chief Justice.
On June 30, 1921, following the death of Chief Justice Edward Douglass White, President Warren G. Harding
nominated Taft to take his place. For a man who had once remarked,
"there is nothing I would have loved more than being chief justice of
the United States" the nomination to oversee the highest court in the
land was like a dream come true. There was little opposition to the nomination, and the Senate approved him 60-4 in a secret session on the day of his nomination, but the roll call of the vote has never been made public.
Taft received his commission immediately and readily took up the
position, taking the oath of office on July 11, and serving until 1930.
As such, he became the only President to serve as Chief Justice, and
thus the only former President to swear in subsequent Presidents, giving
the oath of office to both Calvin Coolidge (in 1925) and Herbert Hoover (in 1929).
Taft enjoyed his years on the court and was respected by his peers. Justice Felix Frankfurter once remarked to Justice Louis Brandeis that it was "difficult for me to understand why a man who is so good a Chief Justice...could have been so bad as President. Taft remains the only person to have led both the Executive and Judicial branches of the United States government.
He considered his time as Chief Justice to be the highest point of his
career; allegedly, he once remarked "I do not remember that I was ever
President".
This very conservative father of Mr. Republican, Robert Taft also has this as his legacy:
To solve an impasse during the 1909 tariff debate, Taft proposed
income taxes for corporations and a constitutional amendment to remove
the apportionment requirement for taxes on incomes from property (taxes
on dividends, interest, and rents), on June 16, 1909.
His proposed tax on corporate net income was 1% on net profits over
$5,000. It was designated an excise on the privilege of doing business
as a corporation whose stockholders enjoyed the privilege of limited liability, and not a tax on incomes as such. In 1911, the Supreme Court, in Flint v. Stone Tracy Co., upheld the tax. Receipts grew from $21 million in the fiscal year 1910 to $34.8 million in 1912.
In July 1909, a proposed amendment to allow the federal government to
tax incomes was passed unanimously in the Senate and by a vote of 318
to 14 in the House. It was quickly ratified by the states, and on
February 3, 1913, it became a part of the Constitution as the Sixteenth Amendment.
Now he'd be cast out as an enemy of today's crazy Republican party.
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