Steve Moore, AFPI Senior Fellow, joined Mornings with Maria on Fox Business to discuss the economy.

In a recent appearance on "Mornings with Maria" on Fox Business, Steve Moore, a Senior Fellow at the America First Policy Institute (AFPI), highlighted an unprecedented regulatory assault on American businesses over the past two weeks. Moore noted that agencies like the FTC, FCC, and the Justice Department's antitrust division have launched aggressive actions against major companies such as Apple and Google. This sweeping crackdown targets virtually any profitable business, imposing enormous costs on American enterprises.

Moore also addressed the economic implications of the incumbent president's re-election campaign, which proposes the largest tax increase in American history. The proposed measures include doubling the capital gains tax, raising the corporate tax rate, and imposing taxes on unrealized capital gains. According to Moore, these changes would severely burden the economy, impacting both businesses and individuals.

This regulatory and fiscal onslaught represents a significant shift in policy, with broad implications for the American economic landscape. Critics argue that these moves are disastrous for the economy, potentially stifling innovation and growth at a critical time. As the nation grapples with these changes, the economic and political consequences will likely be a central issue in the upcoming election, shaping the future of American policy and prosperity.