A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from November 18, 2020
“The best stimulus package would be a 0% income tax”

The 2020 COVID-19 (coronavirus) pandemic resulted in talk of government stimulus packages. “Why are we taxing essential workers? The best stimulus is no income tax for working heroes! #COVID2019 #EssentialWorkers” was posted on Twitter by Not_A_Politician on March 26, 2020.
       
“The Best Stimulus: 0% Income Tax; Instead of collecting and spending $2 trillion, why not cut out the middleman?” by American writer and television commentator Stephen Moore was published in The Wall Street Journal on October 6, 2020.
     
“The best stimulus package would be a 0% income tax” was printed on a meme and posted on Facebook by Being Libertarian on November 18, 2020.
   
           
Wikipedia: Stimulus (economics)
In economics, stimulus refers to attempts to use monetary or fiscal policy (or stabilization policy in general) to stimulate the economy. Stimulus can also refer to monetary policies like lowering interest rates and quantitative easing.
 
A stimulus is sometimes colloquially referred to as “priming the pump” or “pump priming”,
   
Wikipedia: Stephen Moore (writer)
Stephen “Steve” Moore (born February 16, 1960) is an American writer and television commentator on economic issues. He co-founded and served as president of the Club for Growth from 1999 to 2004. Moore is a former member of the Wall Street Journal editorial board.
 
Twitter
Not_A_Politician
@NotAPolitician5
Why are we taxing essential workers? The best stimulus is no income tax for working heroes! #COVID2019 #EssentialWorkers
6:51 AM · Mar 26, 2020·Twitter for iPhone
 
The Wall Street Journal
OPINION COMMENTARY
The Best Stimulus: 0% Income Tax
Instead of collecting and spending $2 trillion, why not cut out the middleman?

By Stephen Moore
Updated Oct. 6, 2020 3:33 pm ET
Before President Trump suspended negotiations Tuesday, he and Congress were homing in on an economic stimulus plan that would cost some $2 trillion.
(...)
There’s a better way. Instead of spending the money, why not cut out the government middleman and not collect the taxes? In 2020 the personal income tax was expected to raise $1.81 trillion and the corporate income tax $260 billion, for a total of $2.07 trillion. For a little more than $2 trillion, Congress could suspend the personal and corporate income tax for a year.
     
Twitter
lynne schafer
@SchaferLynne
The best stimulus would be no income tax for a year, per WSJ editorial. Great idea!  Better than government redistribution programs that accomplish nothing.
1:14 AM · Oct 7, 2020·Twitter for iPad
 
Twitter
Steve Forbes
@SteveForbesCEO
Could the best stimulus plan be a 0% income tax? Income-tax reductions have always had positive repercussions for the economy.
@StephenMoore
Opinion | The Best Stimulus: 0% Income Tax
Instead of collecting and spending $2 trillion, why not cut out the middleman?
wsj.com
4:23 PM · Oct 7, 2020·Sprout Social
 
TaxProf Blog
Saturday, October 17, 2020
The Best Stimulus: 0% Income Tax
By Paul Caron
Wall Street Journal op-ed:  The Best Stimulus: 0% Income Tax, by Stephen Moore:
 
Instead of spending the money, why not cut out the government middleman and not collect the taxes? In 2020 the personal income tax was expected to raise $1.81 trillion and the corporate income tax $260 billion, for a total of $2.07 trillion. For a little more than $2 trillion, Congress could suspend the personal and corporate income tax for a year.
 
Facebook
Being Libertarian
November 18, 2020 at 12:00 AM ·
(MB)
(The below is shown on an image.—ed.)
The best stimulus package would be a 0% income tax.
 
Facebook
William Payne Thompson
November 18, 2020 at 1:49 AM ·
The best stimulus package would be a 0% income tax, letting people keep their money

Posted by Barry Popik
New York CityGovernment/Law/Military/Religion /Health • Wednesday, November 18, 2020 • Permalink


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