VPOTUS came to the podium at 12:52 p.m. after an introduction from Hector Barreto, chairman of the Latino Coalition as the keynote speaker for the luncheon.
He recognized SBA Administrator Linda McMahon in the audience, who spoke earlier at the event.
"The Trump administration will be the best friend to American small business."
He pointed out that Latino-owned businesses have grown by more than 50 percent over the last decade and have been some of the largest job creators.
He asked all Latina small business owners to stand and called for a round of applause in light of Women's History Month. He then called for everyone who served in the military to stand, and be applauded.
He talked about executive actions to scale back regulations on business.
"On the very top of that list, I can promise you, the Obamacare nightmare is about to come an end."
"I don't have to tell small business owners gathered here today why this failed law has got to go."
"Premiums have gone up 100 percent in some jurisdictions... In one-third of our nation's counties citizens only have one insurance company to choose from which means they have no choice at all. And American businesses have been hit too. I'm sure everyone in this room can attest to the fact that Obamacare has hit you with more mandates, more regulations, higher costs and higher taxes... President Trump will work with this Congress and repeal and replace Obamacare with something that actually works."
"This week the House released its repeals and replace bill to begin that process. The legislative process begins. The president and I are proud to lead the charge."
"We are going to repeal the individual and employer mandate. We are actually going to get rid of over $500 billion in tax increases when Obamacare goes away."
He said the new law will among other things expand HSAs, provide a refundable tax credit, provide access to insurance for those wih a pre-existing condition, let parents keep kids on insurance until they are 26, and give states flexibility on Medicaid.
"Our plan to repeal and replace Obamacare will do what Obamacare didn't. That is give Americans access to affordable, high quality health insurance."
"We are going to enact policies administratively and through legislation that will give Americans the freedom to purchase health insurance across state lines, just the way they get life insurance, just the way they got car insurance. A national market place is the center of the president's vision...What we need to do is get that little lizard on television and get Flo out there selling health insurance."
He went on to talk about administration policies on tax cuts, infrastructure and education reform.
With regard to immigration, Pence talked to the Latino audience about Trump's goal to secure the borders and uphold immigration laws. But said:
"Make no mistake about it, as we do that, the president's priority as we move through these issues, the top priority in his words, is removing gang members, drug dealers, and criminals that threaten our community and prey on our citizens. The president and I believe that a system based on the rule of law will benefit every American, including Hispanic Americans. Every community coast to coast will benefit from upholding our laws and expanding our economy."
He wrapped up at 1:18 p.m. and worked the rope line shaking hands on his way out.