Gingrich: Biden Tax Hikes Will Cause ‘Very Deep Recession’

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Joe Biden’s pledge to restore American jobs shows he has “good pollsters” but his calls for tax and regulatory increases will kill jobs rather than create them and plunge the United States into a “very deep recession,” former House Speaker Newt Gingrich insisted Monday.

“He has always been so close to China that it’s hard to imagine he would follow Trump’s policy of negotiating as toughly as (President Donald) Trump has, for example, with Mexico and Canada,” Gingrich said on Fox News’ “Fox and Friends.” “Biden can whistle the tune, but he can’t dance the dance. When you look at his programs they would kill jobs in America.”

Gingrich added that every economist he knows believes Biden’s tax increases would “kill jobs and keep us mired down” in a “very deep recession” for at least 10 years.

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{Matzav.com}

 

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