This is a serious concern.
In a recent interview with Fox Business, Rep. Madison Cawthorn (R-NC) warned that President Biden’s expected tax hikes will “lead to a recession.”
According to Breitbart, Cawthorn stated, “Well, it’s just more of the same from the Biden administration. You know, they just say big lies, and they continue to go along with the radical policies. Starting to increase taxes on capital gains, increase taxes on income tax — this is going to hurt the middle class. This is going to hurt our economy. And it’s going to take jobs away from the people he purports to help — the working-class men and women.”
Cawthorn later added, “This is going to lead to a recession, I genuinely believe, and the Republican Party does have an opportunity to stop this in the Senate. So, we have to hope that Joe Manchin holds the line and make sure that we have the filibuster remain in place.”
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