Economist Stephen Moore joins ‘Mornings with FOX Business’ to discuss California’s proposed permanent tax on high earners and the flight of residents from high-tax states. He also analyzes surging oil prices and the latest durable goods orders data.
High-earner tax hikes in California and soaring energy costs are analyzed by Stephen Moore. The Unleash Prosperity co-founder discusses how high tax rates drive capital and residents out of states like California and New York. Moore also evaluates newly released August durable goods orders, which grew by 1.6%, and warns about the economic impact of inflation.
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