Vance says Democratic victory in Congress would halt Trump's agenda and lead to higher taxes
In Fort Worth, five days before the election, the vice president warned of investigations, impeachments and a higher tax burden if Democrats take over the House and Senate.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM FOX BUSINESS · 3 MIN
The Vice President of the United States, JD Vance, stated that a Democratic victory in the House and Senate could slow down or even reverse the achievements of the last two years of the Donald Trump administration. The statement was made on Fox News' "Jesse Watters Primetime" program, broadcast live from Fort Worth, Texas, five days before the midterm legislative elections.
According to Vance, Democrats would be "obsessed" with investigations and impeachment proceedings. He also said that the opposition would work for higher taxes, and addressed the audience at the event: "all the good people in this room" would pay much higher taxes. For the vice president, Trump would continue in office, but the pace of the government's agenda would be compromised.
Texas at the center of the dispute
The program was recorded in the state which, in the presenter's description, became one of the most competitive races of the cycle. The Republican candidate for Senate is Attorney General Ken Paxton, who faces Democratic state Rep. James Talarico. The most recent Fox News poll finds it tied at 49% to 49%.
According to the presenter, Talarico lost strength in the final stretch after being out of the campaign for two weeks because of the flu, while Paxton gained momentum after a rough primary. The program also claimed that billionaire Elon Musk injected more than US$150 million into the dispute to prevent Texas from "turning blue". The presenter recalled that the state is home to companies linked to Musk, such as Tesla, SpaceX, Starlink and X.
Energy, taxes and the vice president's speech
Vance criticized Talarico and other Democratic names, who, in his assessment, represent a party far from what it was in his grandparents' time, described as "JFK-style" Democrats. In the vice president's view, these voters disagreed with Republicans on tax rates and regulation, but they did not see the American flag as a "complicated" symbol.
In the field of energy, a sensitive topic for production costs and inflation, Vance said that Talarico's solution to higher prices would be to build more wind turbines, which, according to him, "is not going to work." This is a characterization made by the vice president, and the transcript does not contain the Democratic candidate's response.
Vance also said that bipartisan compromises are desirable and beneficial for Americans, but would only be possible with Democrats who, in his words, have not "lost their mind." The vice president also declared that he would prefer a "rational and normal" Democratic Party, although he considers it more fun to run against opponents like Talarico.
Other clashes and the topic of corruption
The vice president praised Ohio Republican Senate candidate John Husted and said he would be a much better senator for the country than his opponent. In a joking tone, he commented on Barack Obama's criticism, which would have compared the White House to a cheesecake factory, and said that the speech shows the former president's elitism.
Asked about corruption, a topic highlighted by the presenter as relevant in research, Vance stated that the Trump administration "does not prejudge" and lets facts and law guide decisions. According to him, there are public servants who betrayed the population's trust and are being investigated and prosecuted, and some will spend time in prison. Regarding Alaska, the presenter accused Democrats of putting fake candidates on the ballot, and Vance asked for votes for Republican Senator Dan Sullivan, saying the matter should be investigated.
What to watch out for
The transcript does not contain economic projections or direct mention of markets. For investors, the central message is political: Vance associates the November 3 result with changes in the tax burden and the regulatory and energy agenda. The technical tie in Texas indicates that control of the Senate could be decided by narrow margins, which tends to keep the issue on the radar of those who follow American fiscal policy.
Automatically translated from Portuguese.
