The House Judiciary Committee released a report last week exposing how Korean regulators used the full weight of their government to stifle an American company that has invested billions of dollars in South Korea and become one of its largest private employers.

According to the Committee, Korean authorities framed a limited data breach as a national security crisis while treating more serious incidents involving domestic companies differently.

THE REPORT DESCRIBES WHAT FOLLOWED AS A “WHOLE-OF-GOVERNMENT ASSAULT” INVOLVING MORE THAN TEN GOVERNMENT AGENCIES, OVER 4,200 DOCUMENT REQUESTS, MORE THAN 650 EMPLOYEE INTERVIEWS, DOZENS OF UNRELATED INVESTIGATIONS AND THREATS OF CRIMINAL PROSECUTION AGAINST AMERICAN EXECUTIVES.

The targeting campaign has not stopped. Just last month, South Korea’s Personal Information Protection Commission imposed the historic $410 million fine — the largest privacy penalty ever levied against a single company in Korea.

The House report argues the fine far exceeds penalties imposed on domestic companies that were responsible for more serious data breaches, raising obvious questions about whether American firms are being held to a different standard.

Discriminatory targeting of U.S. businesses directly hurts American workers and investors.

The Committee cites estimates suggesting South Korea’s discriminatory regulatory practices alone could contribute to more than $500 billion in economic losses for the United States while costing the average American household approximately $3,800 over the next decade.

These non-tariff barriers also hurt Asian workers and economies by deterring foreign investment. Foreign capital is selective — when potential investors assess a market, they seek predictable regulatory climates and transparent governments that have a proven track record of treating foreign investors fairly.

When governments treat major foreign investors unfairly, it creates a damaging narrative about the future safety of those investments.

Sadly, governments across Asia are increasingly using competition policy, digital regulation and administrative enforcement to disadvantage American companies and advantage domestic ones.

Japan’s new Mobile Software Competition Act and recent antitrust actions target Apple and Google. India’s data and e-commerce policies create significant barriers for companies like Amazon and other U.S. platforms. China’s extensive data localization requirements increase costs and operational complexity for American firms while benefiting domestic competitors.

While these are different countries with different laws, they all have the same underlying impact of hurting U.S. companies and citizens.

Fortunately, Washington has woken up to the danger of an unlevel playing field for U.S. companies.

The Trump administration has elevated non-tariff barriers in discussions with both South Korea and China, and the Office of the U.S. Trade Representative has increasingly highlighted discriminatory regulatory practices in its annual trade reports.

The House Judiciary Committee’s findings should serve as a wake-up call: the next generation of trade disputes will be fought in regulatory agencies, competition authorities and digital policy regimes across Asia.

America cannot afford to ignore that reality.

Speaking exclusively with Fox News Digital from the Great American State Fair on Thursday, Turner laid out the administration’s housing agenda: cut regulations, increase supply, and reverse the affordability crisis caused by Joe Biden’s open border.

“When we first came in with President Trump, we had open borders. We had tens of millions of illegals in our country,” Turner said, arguing that the surge in unauthorized immigration created housing demand that drove up costs for citizens.

“Here in America, we prioritize American people and American people only. American houses are for American people.”

Republicans have argued their agenda will bring down home prices and rents by cutting regulations, increasing housing supply, and cracking down on illegal immigration.

Turner’s claims are backed by data. A recent Federal Reserve Bank of Dallas working paper found that every 1% increase in unauthorized immigrant workers was associated with a roughly 2.2% increase in home prices and a 1.4% increase in rents.

The HUD secretary said the Trump administration’s immigration crackdown is a key part of the president’s broader effort to reduce costs for American families amid an ongoing affordability crisis.

Turner pointed to two executive orders Trump signed that together work to remove regulatory barriers to affordable housing construction, expand access to mortgage credit, and increase housing supply.

The administration is also rolling back what Turner called “bureaucratic red tape” put in place under the Biden administration to lower construction costs and spur more homebuilding.

“That’s what we’re doing now, we are easing the regulatory environment, bringing the cost down, raising the supply so builders can build and homeowners can buy,” Turner said.

Asked when Americans can expect to see lower housing costs, Turner pushed back on the idea that housing affordability isn’t a priority for the administration.

“I think there is a misperception that this is not a priority. It is of the utmost priority,” Turner said, describing the administration’s efforts as already underway to make homeownership more affordable for American families.

The Trump Accounts program gives children seed money to invest in the stock market, with bonuses ranging from $250 to $1,000 depending on age and zip code. Children age 10 and under qualify for $250 from the Dell Foundation in most zip codes. Newborns receive a $1,000 baby bonus for opening accounts.

SpaceX president Gwynne Shotwell announced on launch day that the company would gift two million shares to American children between ages 11 and 17.

“Instead of having the government taking care of everyone, Trump Accounts are about making every child and every American a capitalist. Every one of our kids is now going to be an owner of one of the biggest producers in our country.”

Sen. Ted Cruz made that point during the Oval Office launch, comparing the program to the New Deal — but with a capitalist twist instead of government dependency.

The program addresses a massive gap in American education: financial literacy. Most schools never teach investing. Millions of Americans assume the stock market is only for the super rich and that a low-interest savings account is their only option for growth.

The Trump Accounts app changes that with a built-in crash course on investing — a dozen four-minute lessons on topics like compounding, stocks, and fractional shares.

Parents can watch their children’s seed money grow in real time. The app includes projections based on average market growth and sample monthly contributions.

A $50 monthly contribution for a three-year-old transforms into almost $15,000 by age 18 and over $433,000 by age 60. For a 12-year-old, that same contribution grows to over $4,000 at 18 and over $231,000 at 60.

The message is powerful: time is the greatest gift in compounding. The earlier you invest, the better — but it’s never too late.

Critics argue that 529 college savings accounts or Uniform Transfers to Minors Act accounts may offer better tax advantages. But the Trump Accounts have clear benefits: employers and family members can easily contribute, and philanthropists can make tangible impacts on the next generation instead of funding nonprofit overhead.

The education component matters most. For millions of Americans without investment accounts beyond basic checking and savings, this is their first chance to see compounding in action.

The Trump Accounts serve as a gateway into Americans opening 529 accounts with their state or brokerage accounts with firms like Schwab or Fidelity.

Bethany Mandel, a Daily Wire writer and homeschooling mother of six, opened Trump Accounts for all her children over the July 4th weekend. She learned investing as a 22-year-old recent college graduate, using lunch money to buy stocks. Those investments grew over 1,000% — from $3,600 to over $43,000 — in almost 20 years.

She watched her four-year-old’s 529 college savings account grow from $29,000 to $40,000. Her older three kids’ accounts doubled in value.

Millions of Americans will now get their first taste of investing and capitalism thanks to the Trump Accounts.

That lesson is priceless — and its impact will compound for decades to come.

Inspector General Anthony P. D’Esposito announced Wednesday that his office has begun what he calls the “most aggressive action against foreign labor fraud by an Inspector General this administration.”

The target: H-1B and PERM foreign labor visa programs that D’Esposito says have been hijacked by multinational corporations to replace American workers with cheaper foreign labor—and in some cases, feed human trafficking tied to cartels and transnational gangs.

“This is another example of where fraud is fueling violent crime. Much of the visa and the human trafficking that we see when it comes to this foreign labor is tied to cartels [and] transnational gangs.”

D’Esposito told Fox Business his team has already issued dozens of subpoenas and is working “side by side with the president and vice president’s fraud task force” to track down every lead. Whistleblowers, he said, are coming forward with evidence against “some of the biggest companies” abusing the visa system.

Cognizant, a leading American multinational IT and AI consulting company, was specifically called out during the interview for allegedly using H-1B visa workers as cheap labor while locking out American citizens.

The numbers tell the story conservatives have been shouting about for years. Amazon leads the pack with more than 10,000 H-1B visa approvals last year alone. Microsoft approved slightly more than 5,000. Meta, Apple, and Google follow close behind.

The median H-1B worker made $108,000 in 2021, according to the American Immigration Council—more than double the average American worker’s $45,760. Yet nearly two-thirds of H-1B positions certified by the Labor Department are assigned wage levels “well below the local median wage for the occupation,” the left-leaning Economic Policy Institute reported. The Heritage Foundation agreed, noting that only one in six H-1B positions receives top wages.

Translation: foreign workers come to the U.S., make more than the average American by taking high-paying STEM jobs, yet still save anti-American companies money by accepting lower salaries for their expertise level.

Xbox CEO Asha Sharma recently fired 20 percent—3,200 employees—yet the parent company Microsoft reportedly filed for thousands of H-1B visas this year with an average salary offering of more than $150,000. A Microsoft spokesperson defended the move to Newsweek, saying the layoffs were “based on business need, not visa status.”

D’Esposito isn’t buying it. He said ending visa-enabled human trafficking and fraud will “not only make America safe again but make America more affordable again” by returning job openings to American workers.

“There is without a doubt human trafficking in the visa programs,” D’Esposito said. His goal: shut down the anti-American worker money-making loophole “to make sure that the hardworking Americans who want to get to work [during] President Trump’s administration are able to do just that.”

The investigation aims to further President Trump’s goal to end foreign violence on American soil and return jobs to the American people, according to D’Esposito.

DOGE, Elon Musk’s brainchild designed to eliminate fraud and waste from the federal government, saved taxpayers $214 billion through asset sales, grant cancellations, fraud deletion, and workforce reductions. The initiative cut 272,000 federal employees since Trump took office in January 2025.

“Far and away the best prize that life offers is the chance to work hard at work worth doing. While the formal mission of DOGE has come to an end, the mission to eliminate waste, fraud, and abuse will continue.”

DOGE posted the message on X as it formally wound down operations on Independence Day. But the Trump administration isn’t backing off — it’s doubling down.

Agriculture Secretary Brooke Rollins announced a major food stamp fraud crackdown in Los Angeles on July 6. USDA investigators executed search warrants on 33 SNAP-authorized retailers caught trafficking benefits for cash and selling prohibited items including alcohol and vapes.

“These retailers are facing disqualifications and significant fines, but this is just the tip of the iceberg in the fraud plaguing SNAP,” Rollins posted. “Look out NYC, Dallas, and Atlanta. More action is coming.”

Small Business Administration chief Kelly Loeffler has exposed $200 billion in suspected fraud from the Biden-era Paycheck Protection Program. The SBA has already clawed back $22 billion to the Treasury and referred over half a million borrowers to the Justice Department for prosecution.

Vice President JD Vance’s Task Force to Eliminate Fraud carried out further enforcement actions in June targeting PPP criminals.

“As we continue to uncover millions of dollars in PPP and COVID-era fraud, it has become clear that there was a shocking lack of safeguards around these programs. With the task force driving forward, the days of sending money into the hands of criminals are over.”

Approximately 140,000 federal employees agreed to leave through the deferred resignation program, which allowed workers to receive full salary and benefits until they departed in September 2025. Hiring freezes, early retirement offerings, and reductions in force combined to shrink the federal workforce by hundreds of thousands.

The formal DOGE mission may have ended — but Trump’s crackdown on fraud is now baked into every corner of the administration.

“Far and away the best prize that life offers is the chance to work hard at work worth doing.”

While the formal mission of DOGE has come to an end, the mission to eliminate waste, fraud, and abuse will continue. Good stewardship of taxpayer dollars and accountable government are…

— Department of Government Efficiency (@DOGE) July 4, 2026

SNAP FRAUD UPDATE

Today, @USDA_FNA announced a major SNAP fraud crackdown in LA:

33 SNAP-authorized retailers in Los Angeles received formal charge letters after search warrants were executed.
Violations include trafficking benefits for cash and selling prohibited items…

— Secretary Brooke Rollins (@SecRollins) July 6, 2026

The roadmap is simple: innovate fast, build here, sell globally.

Trump set a bold goal earlier this year — quadruple American nuclear capacity to 400GW. His May 2025 Executive Orders cleared the path for the nuclear industry to build faster than it has in decades. American companies are already responding.

Two advanced reactor companies achieved criticality through the Department of Energy’s Reactor Pilot Program. The Office of Energy Dominance Financing just announced $17.5 billion in loans to help procure long-lead components for 10 large reactors Trump aims to have under construction by 2030.

“The Nuclear Regulatory Commission issued a construction permit for TerraPower’s Natrium reactor eight months early.”

That’s what happens when regulation gets out of the way and American industry gets to work.

The shale revolution proved the model. In 2008, advances in horizontal drilling and hydraulic fracturing unlocked vast domestic natural gas reserves, making the U.S. the world’s top producer. By 2022, America became the largest LNG exporter in the world — supporting 495,000 well-paying American jobs.

Since 2016, the U.S. has supplied enough LNG to power the energy use of about 400 million people globally. A stunning number over 100 years in the making.

Can you imagine the U.S. without the shale revolution? The loss of wealth, jobs, and security would be staggering — not to mention the opportunity to reduce global emissions by replacing higher-emitting foreign fuels with U.S. LNG, which is among the lowest-carbon natural gas options on Earth.

Now electricity demand will surge by 50% over the next two decades in the U.S. alone. Advanced nuclear technologies have the potential to unlock a new era of abundant, carbon-free, baseload power — and Trump’s emphasis on energy abundance repositioned nuclear power from a legacy industry into a strategic national initiative.

Advanced reactor designs and next-generation fuels promise greater safety and flexibility, with more affordable construction. These technologies are attracting growing interest from utilities, industrial customers, technology companies and investors seeking dependable clean electricity in America.

Commercializing these technologies will open enormous export opportunities that support American jobs and reindustrialization.

The benefits won’t come automatically. Policymakers must establish predictable regulations, create targeted support for the fuel cycle and supply chain, and allow innovative companies to compete. If they do, advanced nuclear power will become the next scalable source of clean, reliable energy — not because governments mandate it, but because markets reward technologies that deliver affordability, reliability and performance.

“The lesson from 250 years of powering America is clear: innovation — not regulation — wins.”

Before shale, many experts feared a future of energy scarcity. Innovation changed the equation. Resources once considered inaccessible became abundant, investment flowed, and a new energy era emerged.

Today, advanced nuclear technologies offer a similar possibility. Trump’s goal — 400GW of nuclear capacity — is the kind of big, bold vision that built America in the first place.

And it’s the kind of vision that will power the next 250 years.

The “Big Beautiful Bill” includes benefits for tipped workers, new parents, car buyers, manufacturers, and seniors — but many Americans don’t know they qualify.

Atlanta waitress Brenna Warrick told The Daily Wire the no-tax-on-tips provision changed her life.

“Before Republicans passed no tax on tips, I worried constantly about making ends meet, falling into credit card debt, and being unprepared for emergencies like an unexpected hospital visit. Now, thanks to Republicans delivering tax relief for tipped workers without Jon Ossoff’s support, I can pay my bills on time, buy presents for my son’s birthday, and even take my first family vacation in years.”

If you bought an American-made car between January 1, 2025, and December 31, 2028, you can write off up to $10,000 a year in auto loan interest — assuming you make under $150,000 individually or $250,000 filing jointly.

New parents get even more. Any child born or adopted between January 1, 2025, and December 31, 2028, qualifies for a $1,000 seed investment from the federal government.

Cordt Holub, a fourth-generation Iowa farmer, told The Daily Wire his 10-month-old daughter qualifies.

“It’s truly a unique opportunity not only for myself and my daughter but for kids all over the country,” Holub said. “Every kid born during that time will have the same opportunity to start investing at an early age and see the impact of compound investing.”

Holub plans to match the investment for his 3-year-old son, who was born outside the eligibility window.

The bill also protects family farms through higher estate tax exemptions — what Holub calls ending the “death tax” on generational land.

“In the last five to ten years, inflation has caused land prices to skyrocket and the average age of a farmer is over 60 years old now. We are going to hit a turning point in the next couple years of massive amounts of land changing hands. Lowering the death tax keeps that land in the hands of families rather than outside corporations and investors.”

The higher federal estate tax exemption applies nationwide, making it easier for families to pass assets to the next generation without corporate buyouts.

Farms and manufacturers also benefit from 100% bonus depreciation — businesses can now deduct equipment and manufacturing costs immediately instead of spreading them over years, keeping cash in-house.

Seniors get relief too. The legislation offers a temporary federal tax deduction of up to $6,000 for qualifying older Americans, on top of the standard deduction.

Barb Kuiper, a Michigan grandmother, told The Daily Wire the Social Security tax relief lets her take her grandkids to the zoo without budget anxiety.

“Retiring is hard enough and I’m grateful for Republicans like Mike Rogers and President Trump for making sure America’s seniors are well taken care of,” Kuiper said.

The tax relief package touches waitresses, farmers, manufacturers, seniors, and new parents — all groups Democrats left behind while blocking relief.

Most gave the U.S. economy a passing grade, typically a “B.” But when asked if economic conditions would change their vote in November’s 2026 midterms, the answer was clear: values, leadership, and party affiliation matter more.

The responses offer a snapshot of how voters are weighing one of the nation’s top political issues as America kicks off its 250th anniversary celebrations.

“I would probably give the economy, compared to what it was, I would give it a B for sure. I think we are on the verge of an economic boom like we’ve never seen in our nation.”

Jay Miller of Lafayette, Louisiana, told Fox News Digital he believes lawmakers should work more closely with President Donald Trump to advance the administration’s agenda — arguing that doing so would unlock further economic growth.

“I’m glad that I’m living at this point and this time to witness it firsthand,” Miller said.

Donna Festinger from Greenfield, Massachusetts, gave the economy a “B-plus,” crediting the Trump administration’s focus on jobs and wages.

“I think it’s on the rise, and we’re getting more and more jobs, which I think really helps everyone in America,” the retired schoolteacher said. “I think this administration is working hard to help everybody earn more money and to be able to save more money, which will circle back into a better economy.”

Not everyone in Washington this week was as upbeat.

Bonnie from Hollister, California, gave the economy a “C,” citing ongoing concerns about prices — especially gas prices in her home state.

“I don’t think it’s great right now,” she said. “I would say maybe a C, but I’m hopeful that it’s going to turn around and be getting up to a B soon.”

Dan Cuda, a 72-year-old Air Force veteran from Maryland, said the economy still has “a lot of upside potential” despite inflation.

“Groceries are pricey,” Cuda told Fox News Digital. “I’m an Air Force veteran, and I’m still shopping at the military commissaries, and it’s noticeably up.”

Despite higher food costs, Cuda still called it a “B economy.”

But when the conversation shifted from the economy to politics, several Americans made clear: economic conditions aren’t the deciding factor in how they plan to vote.

“It doesn’t really factor into my vote. I’m voting R no matter what.”

Cuda’s sentiment was echoed across the fairgrounds.

Miller said character and values outweigh economic performance when it comes to casting his ballot.

“Give me good people,” he said. “Give me conservatives. Give me somebody with a little faith, a little family, a little value. And that’s got my vote.”

Bonnie agreed the economy matters — but it won’t change her support for her preferred candidate.

“It does matter, but it’s not gonna keep me from voting for who I wanna vote for,” she said.

A new interactive index from Always On Energy Research and the Institute for Energy Research reveals the steepest energy cost increases sit squarely in the bluest states across all 50 states and Washington, D.C.

Eighty-six percent of states above the national average in the continental U.S. are reliably blue — voting for the Democratic presidential nominee in both 2020 and 2024. Meanwhile, 90% of the 10 states with the lowest electricity prices are reliably red.

The effect is clearest among the 13 original colonies that declared independence in 1776.

Blue states force aggressive renewable mandates that drive up consumer bills while shifting costs onto neighbors without rooftop solar panels.

Blue states layer aggressive renewable portfolio standards with clean energy mandates requiring electricity from intermittent wind and solar. They add full retail-rate net metering, crediting rooftop-solar owners more than their generation is worth and shifting fixed costs onto neighbors without panels. Their regulators let investor-owned utilities adopt net-zero pledges and retire coal and gas plants ratepayers must pay to replace.

Rhode Island ranks as the 3rd-most expensive state in the U.S. in 2025, posting an average rate of 25.86 cents per kilowatt hour. The state’s Renewable Portfolio Standard stampedes toward 100% renewables by 2033 — the fastest of any state.

In the 2026 legislative session, lawmakers rejected Gov. Dan McKee’s proposal to push the 100% deadline back to 2050. His office argued the faster timeline would triple compliance costs by 2031.

Gov. Kathy Hochul in New York had more success pushing back overambitious climate goals after a finding showed cutting emissions 40% by 2030 would impose costs exceeding $4,000 annually on upstate households and at least $2,300 in annual costs for New York City residents. Budget negotiations replaced the binding 2030 obligation with a 2040 target of 60% reductions.

Overarching most of New England and the Mid-Atlantic is the Regional Greenhouse Gas Initiative — a cap-and-trade program adding compliance costs to coal, oil, and natural gas generators that spill into customer bills.

RGGI prices cleared at $35 per ton of CO2 in June 2026 — the highest ever — spurred in part by Virginia’s reentry to RGGI. Almost every RGGI member channels carbon-tax proceeds into green energy slush funds. New Hampshire stands alone, rebating 93% back to ratepayers in 2023.

These policies discourage investment in new natural gas pipelines, leading to inadequate supply that unnecessarily increases fuel costs and wholesale power prices.

New York has proven actively hostile to new pipelines, repeatedly denying water permits to the proposed Constitution Pipeline and Northeast Supply Enhancement projects. The latter only broke ground in April thanks to sustained pressure from the Trump administration — but Hochul skipped the groundbreaking ceremony.

Massachusetts has killed multiple major pipeline expansions.

“Red states let their grids run on what works. Blue states ask their residents to make sacrifices.”

Contrast with the original 13 colonies whose rates fell below the national average in 2025: Georgia, North Carolina, South Carolina, and Virginia.

Georgia has no renewable portfolio standard, no net-metering mandates, no carbon pricing schemes, and has adopted reasonable data center consumer protections. North Carolina does have a 100% carbon-neutral mandate, but its interim 2030 goal was repealed in 2025 after recognizing the costs. South Carolina’s non-binding standard expired in 2021, and the state is phasing out full retail-rate net metering.

Now that affordability has become the buzzword, Democratic politicians pin the blame for high electricity prices on anyone but themselves — despite knowing higher prices were the point.

In floor debates about New York’s climate law in 2019, then-state senator Todd Kaminsky acknowledged it would “ask people to make sacrifices.”

Red states let their grids run on what works. Blue states ask their residents to make sacrifices because of their electricity policy choices.

The report from Consumer Action for a Strong Economy obtained exclusively by the Daily Caller exposes how Anheuser-Busch InBev—the world’s largest brewer—uses its massive lobbying and advertising machine to dominate the U.S. market while hiding behind “Made in America” marketing campaigns.

InBev bought the iconic American company Anheuser-Busch for $52 billion in 2008. The conglomerate is now headquartered in Belgium, not middle America—despite what their ads claim.

“AB InBev controls nearly half of the domestic beer market. Let that sink in. A foreign company controls half the US beer market.”

The watchdog group points to InBev’s sophisticated lobbying operation and the company’s rebranding efforts after the Bud Light boycott triggered by transgender influencer Dylan Mulvaney.

According to the report, InBev’s “Choose Beer Grown Here” and “Made of America” campaigns launched in the aftermath of the Mulvaney debacle have largely obscured the fact that the company’s corporate headquarters are in Leuven, Belgium.

The report also highlights InBev’s 2013 settlement with the Department of Justice over its purchase of Mexican beer manufacturer Grupo Modelo. The DOJ allowed the $20 billion deal to proceed but required InBev to sell U.S. rights for Modelo beer to Constellation Brands to prevent a monopoly.

That settlement helped the craft beer industry explode from 4,803 domestic small brewers in 2015 to 9,578 in 2025—but the watchdog says it never addressed structural concerns over product distribution.

InBev allegedly incentivizes major distributors to prioritize its products, leaving independent brewers struggling to find reliable distribution channels. Small brewers are also disadvantaged in states where self-distribution is illegal.

“While the DOJ agreement was good for craft brewers in the sense that a more concentrated market would have been worse for them, it wasn’t designed to help them directly, and the pervasive distribution problems that matter most to small brewers were left mostly unchanged.”

The report warns that InBev is lobbying U.S. states to repeal sales taxes on its products—and will likely push for the same at the federal level as President Trump renegotiates the United States-Mexico-Canada Agreement.

A gigantic tax break for “American beer” would deliver nearly half its benefit to the foreign conglomerate. When Canadian trade tensions flared after Trump’s tariff announcements, InBev ran a “Made in Canada” ad campaign celebrating its Canadian workers and Canadian barley.

The watchdog calls on U.S. policymakers to address InBev’s unfair distribution practices, push back against further tax breaks, and prevent the company from achieving monopoly power.

InBev has drawn scrutiny from Congress and the Treasury Department over its dominance. During a 2015 Senate hearing on the company’s $107 billion merger with SABMiller, Democratic Connecticut Sen. Richard Blumenthal said the trend towards massive beer behemoths has not been “a happy one for many consumers.”

After the 2008 merger between Anheuser-Busch and InBev, thousands of workers were laid off in St. Louis, Missouri, where the brewery was originally founded in 1852. The merger led to cost-cutting that decimated local ad agencies when InBev moved the marketing department to New York City.

The report concludes that as Americans prepare to celebrate the nation’s 250th anniversary, the last thing policymakers should be doing is rewarding a foreign conglomerate that doesn’t play by the rules with a giant tax break.