Yahoo Finance published this video item, entitled “Mike Pence talks running for president, Fed Chair Powell, UAW strikes, and border wall” – below is their description.
Former Vice President Mike Pence wants to return to the White House, this time, as President. In an interview with Yahoo Finance Live’s Seana Smith, Brad Smith, and Rick Newman, Pence weighs in on everything from the Federal Reserve to war in Ukraine. Pence makes it clear he is not a fan of Fed Chairman Jerome Powell, saying he would “absolutely go in a different direction with the chairman of the Federal Reserve.” Pence argues that Powell has been playing “catch-up,” adding that he would also get rid of the Fed’s dual mandate. Like many Republicans, Pence wants to see the Trump tax cuts made permanent. Pence though, wants to take it a step further. The Trump tax cuts cut the corporate tax rate from 35% to 21%. Pence wants to take that down to 15%, saying it will give American businesses more of an advantage. Pence also takes a swipe at his former boss, saying former President Donald Trump’s talk of imposing a 10% tariff on all imports could be “one of the largest tax increases in history.” Both President Biden and former President Trump plan on visiting striking UAW workers. Pence argues that “Bidenomics” is “driving” the strike, saying that under Biden’s policies, wages are not keeping up with inflation and that the “Green New Deal buried in that so-called Inflation Reduction Act is waging war on people that manufacture combustion engine automobiles.” Pence is clear he wants to resume construction of the wall along the U.S. border with Mexico, saying it something he would do on “day one” in office. Another priority for Pence would be to “turn off the gusher of spending,” which includes dealing with entitlement spending. Russia’s invasion of Ukraine was an “act of evil,” Pence tells Yahoo Finance. “I want to give Ukraine what they need” to fight Russia, Pence says, adding that “appeasement has never worked.” Pence expressed a view different from others in his party, saying “Ukraine is not our war, but freedom is our fight. I think it is imperative the United States of America continue to provide the soldiers in Ukraine what they need to repel that Russian invasion.” A big talking point for Republicans, including Pence has been ending the “war on energy.” President Biden has offered companies incentives to invest in green energy, but some companies may be reluctant to pursue them given that, if a Republican wins the White House, those incentives could disappear. Pence says he wants an energy policy that is “source neutral,” adding that “we’ve gotta have an all-of-the-above energy strategy.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Key video moments:
00:01:04 Why Pence wants to go ‘”n a different direction” with Fed chair 00:04:16 Pence on Trump tax cuts, why he wants to cut the corporate tax rate to 15% 00:06:30 Pence blames “Bidenomics” for UAW strike
00:10:10 Pence explains why U.S. businesses should support the GOP 00:12:13 What Biden policies Pence would change on day one
00:14:44 Pence on the border wall
00:15:33 What Pence’s policy on Ukraine would be if elected
00:17:37 Pence discusses what is happening in the Republican party 00:19:44 What Pence would do about high gas prices
00:21:55 Pence talks about green energy tax incentives
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