In a recent appearance at the CNBC CEO Council Summit, House Speaker Mike Johnson discussed his support for former President Donald Trump and some of Trump’s key policies. While Johnson sided with Trump on tax cuts and regulations, he was hesitant to commit to the former president’s calls for tariffs and mass deportations along the southern border. He emphasized the need for thoughtful discussion and careful consideration before making any commitments as Speaker of the House.
Johnson described himself as a Reagan Republican but expressed admiration for what Trump achieved during his time in office. He acknowledged the importance of Trump’s focus on issues like working families, trade, and border security, stating that these ideas expanded the Republican tent and brought new perspectives to the party. However, Johnson was cautious about endorsing Trump’s immigration policies, noting the complexity and challenges associated with mass deportations.
The House Speaker also shared his views on the Federal Reserve, expressing concerns about the institution’s impact on the markets and its handling of economic issues. While Johnson did not explicitly call for the removal of Fed Chair Jerome Powell, he stressed the need for transparency and accountability in the Fed’s decision-making process. He highlighted the growing national debt and the importance of addressing mandatory spending to ensure future economic stability.
Reflecting on his first six months as House Speaker, Johnson acknowledged the changing political landscape in Congress and the challenges of governing with narrow majorities. He underscored the importance of bipartisanship in addressing major issues like the national debt and economic policy. Johnson emphasized the need for thoughtful deliberation and collaboration among members of Congress to find solutions to complex problems.
When asked about certifying a Biden reelection in the event of a fair election, Johnson expressed support for the democratic process and the importance of ensuring free and fair elections. While he agreed with the sentiment of certifying the results if the election is conducted fairly, he emphasized the need for transparency and trust in the electoral process. Johnson emphasized the importance of upholding democratic principles and ensuring that the will of the voters is respected in future elections.
