Speaking Friday in Carroll, U.S. Rep. Steve King, R-Iowa, said he might propose implementing a national sales tax in place of the current income-based system should America’s economic woes stretch into next year, according to the Carroll Daily Times Herald’s Butch Heman.

King also said that Congress might need to hold a special session if the economy’s downward spiral continues at its current pace through the next few months.

“If you’re seeing red numbers on the Dow and it’s spiraling downward, something’s got to happen to arrest it,” King said.