Trump notes that he made capital-equipment expensing immediate, a policy thatexpertssaid at the time would benefit oil producers.

Moore is currently serving as an economic adviser to Trump in his 2024 campaign.

Such a penalty would inevitably result in everyday consumers being saddled with increased prices for common goods and necessities.

MILWAUKEE, WISCONSIN - OCTOBER 1: Former President and Republican Presidential nominee Donald Trump speaks at a press conference in the Discovery Center on October 1, 2024 in Milwaukee, Wisconsin. Trump spoke to reporters about citizens being able to choose their own schools and promises he would keep if elected. (Photo by Jim Vondruska/Getty Images)

Former President Donald Trump speaks at a press conference on October 1, 2024 in Milwaukee, Wisconsin.Jim Vondruska/Getty Images

The outcome of this election will have economic repercussions for years, and possibly decades, to come.