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Bill O'Reilly
What about this big bill? Now, I'm not going to do a policy thing tonight or today, whenever you're watching around the world, but I'm going to tell you what exactly is going on in Washington affects you, the American citizen or the foreign national. Okay? Now here's what the deal is. You pass a bill and Trump signs it into law on July 4th. The bill essentially says we're keeping tax brackets the same. We've had it from 2017, Trump's first term. Now eight years later, we're extending them indefinitely. And then we have other things like no tax on tips, no tax for a certain amount of Social Security that we'll revisit in three years. But it's essentially a calm bill so that business knows what they have to pay, individuals know what they have to pay, and everybody can calm down. Now, the socialists don't like this at all. And they go, oh, this is a tax cut for the rich. That's a lie. There's no tax cut in the bill. Not everybody stays the same. The top rate of taxation, income is 38% stays the same. Socialists want millionaires, whatever, to pay 60, 70%. So they say if we don't get that, it's a cut. Come on. All right, 40% of American homes do not pay any federal income tax at all. None. 40%. 60% of the workers and achievers handle the rest. Plus, in your state, most likely you have estate tax. California is the highest in the country. New York, where I am, 10%, just about. We got a little bit of a break in the big bill, but nothing substantial. So we've taxed a lot. Everything you do is taxed. Renew your license, get the environmental profile, whatever it is, you buy, anything that's taxed. Sales tax. Now, there are some low tax states like New Hampshire, and they have prospered by having low taxes. But of course, the board American, every time you turn around, you're getting taxed and they just come up with new ways to invoke more money. Take your money, they want your money. They being Washington, D.C. and they waste a lot of it. You know that. That's what Doge was all about. But anyway, this bill, about 80% of the press, that's how much hates Donald Trump. They lied about the bill to the American people. They tried to scare and say, oh, you're getting screwed. The billionaires are getting caught. It's such a big lie. And let me give you one sound bite. CNN Treasury Secretary Scott Bessant and Dana Bash, roll the tape.
Dana Bash
I'm sure, you've seen and heard a lot of the concern, including and especially from Republicans who are the most vocal in Congress, about the fact that those work requirements are going to be very cumbersome to actually prove and it will inevitably force the people who need that Medicaid coverage off the rolls.
Scott Bessant
Well, first, first of all, it's. The Republicans are not the most vocal on this. It is a group of Democrats who unfortunately seem to think that poor, poor people are stupid. I don't think poor people are stupid. I think they have agency and I think to have them register twice a year for these benefits, that is not a burden. But these people who want to infantilize the poor and those who need these Medicaid benefits are alarmist.
Dana Bash
Yeah, but my impression of the Republican Party is that historically wanted to cut through the red tape and not create more red tape. But I do want to move on because.
Scott Bessant
Well, no, no, no, but the. We've also wanted to put in work requirements, which somehow that was very popular under Bill Clinton.
Bill O'Reilly
All right, so Bash is a liberal. CNN is a liberal network. They hate Trump, they want the progressives in power. And so she, her questioning is all about, oh, you're going to throw these poor people off the rolls. Babies won't have this, people will die, all of this. It's estimated 9 million people will lose Medicaid coverage in the next 10 years or so because they will not conform to the new rules. What are the new rules? A 20 hours a week. You have to either look for a job or volunteer at a place that needs your services, charity, a church, a hospital, whatever it may be. Okay, that's not onerous. I work 60 hours a week. You probably work tons of hours too. 20 hours a week to get a full health care Medicaid profile and you're not willing to do it. Out of here, 40 states, 4, 0 have no requirements for Medicaid at all. That means that layabouts and alcoholics and drug addicts and everybody else can get free health care through the states and reimbursed by the feds for nothing because they don't want to work. They want to get high or they are lazy, whatever. I am not paying for their health care. Am I a mean guy? No, I'm a fair guy. So that's all it is. You got to look for work. You don't want that. Msnbc, all the network. Oh, no, no. Throw the people off. What a bunch of garbage. I mean, any sane society would say, yeah, you got a responsibility. If you're going to take taxpayer money make, then you got to give something back. Look around. And then twice a year, you got to inform the government how much money you got. That unreasonable? No, it isn't. Do you realize that there's 100 million Americans, probably more now, that are receiving welfare in this country? 100 million out of about 340 million. Our total population, that's a welfare state. Means tested welfare. That's the health and the food stamps. That's up about 120% in five years. 120% because people know they can game the system. And we have a $36 trillion debt. So the Trump administration goes, we got to, number one, stop this massive entitlement spending to some degree, because we're creating a welfare state. A welfare state inevitably collapses because you don't have you if it's continual. Free, free, free, free, free. But I'm not giving anything back. I just want stuff. That's what happened to the room. Exactly what happened. Every civilization that has risen and then fallen has fallen because the citizens of that country, or state, whatever it may be, refuse to contribute to it. Now, I'm not saying that everybody getting welfare is a layabout or lazy. I'm not saying that. Some people are desperate, some people are infirmed. There is a medical exemption in the bill. If you cannot look for work or volunteer because you are infirmed, you don't have to do. You got to get the doctor to certify it. What more can you want? 100 million people getting mean tests of welfare and it's just going up, up and up and up. People figured out, hey, I want it. And then the final part of this thing is that the hospitals hate this and so do the states, because the states listen to this con. Many states, North Carolina charge 6% tax on all Medicaid that they pay for. So not only do they pay for the doctor bill, but they add 6% and they get reimbursed by the feds for the 6. So the bill says, now we're going to cap it at 3.5%, which is still generous. States are making 3.5% on every Medicaid transaction. Pretty generous. What's the state doing? Okay, sending a checkout six. They're gaming it. And the hospitals, we don't want this because we got 9 million people floating around now with no health insurance. And they're going to come to the emergency rooms for free care. Because remember, if you don't have health insurance, every hospital has to take you in the emergency room to treat whatever you have by the law? Oh, no. I kind of feel sorry for the hospitals a little bit there. But I know the states. 40 out of 50 are gaming the system. And I know these 9 million that won't look for work or whatever don't deserve a thing.
Podcast Summary: BONUS: Bill O’Reilly Slams 'Big Beautiful Bill' Media Coverage
Podcast Information:
Introduction
In this bonus episode of Bill O’Reilly’s No Spin News and Analysis, Bill O'Reilly delves into the recent legislative developments surrounding the so-called "Big Beautiful Bill." Released on July 4th and signed into law by former President Donald Trump, the bill has sparked significant media attention and political debate. O'Reilly provides an in-depth analysis of the bill's provisions, challenges the media's portrayal, and offers his perspective on the broader implications for American taxpayers and the welfare state.
Overview of the New Bill Signed by Trump
Bill O’Reilly begins by outlining the key components of the newly passed legislation:
O'Reilly emphasizes that the bill is designed to create a "calm bill," reducing uncertainty for both businesses and taxpayers by keeping taxation consistent.
Media Critique: The 'Big Beautiful Bill' Coverage
A substantial portion of the episode is dedicated to critiquing the media's handling of the bill. O'Reilly argues that approximately 80% of the press negatively portrays the bill, framing it as detrimental to the American people. He contends that this coverage is biased, particularly targeting former President Trump unfairly.
Notable Media Commentary:
Dana Bash (CNN) at [03:27]: Expresses concerns regarding the new work requirements for Medicaid, suggesting they are burdensome and will disqualify those in need.
Dana Bash: “...the fact that those work requirements are going to be very cumbersome to actually prove and it will inevitably force the people who need that Medicaid coverage off the rolls.”
Scott Bessant (CNN) at [03:49]: Criticizes Republicans for their stance, labeling them as viewing poor people as incapable of managing benefits effectively.
Scott Bessant: “...it is a group of Democrats who unfortunately seem to think that poor, poor people are stupid.”
O'Reilly rebukes these statements, labeling them as "a bunch of garbage" and accusing CNN of misrepresenting the bill's intentions. He asserts that the media is amplifying fears without presenting the actual benefits and rationality behind the legislation.
Tax Policies Explained
O'Reilly provides a detailed explanation of the bill's tax policies, countering claims that it constitutes a tax cut for the rich:
No Tax Cut: Contrary to media reports, there is no tax reduction in the bill. The top income tax rate remains at 38%, a figure O'Reilly defends against socialist claims that it should be increased to 60-70% for millionaires.
“The top rate of taxation, income is 38% stays the same. Socialists want millionaires, whatever, to pay 60, 70%. So they say if we don't get that, it's a cut.”
Tax Burden Distribution: He points out that 40% of American households do not pay any federal income tax, highlighting that the majority (60%) bear the tax burden.
State Taxes and Sales Tax: O'Reilly discusses the pervasive nature of taxation, noting that states like California and New York impose significant estate taxes and sales taxes. He contrasts this with low-tax states like New Hampshire, which have prospered economically by maintaining lower tax rates.
Welfare State and Medicaid Reforms
A significant segment of the discussion focuses on the welfare state and the proposed reforms to Medicaid:
Current Welfare Statistics: O'Reilly states that approximately 100 million Americans are on some form of welfare, including health and food stamps, constituting about 120% growth over five years. He attributes this increase to system gaming, where individuals exploit benefits without contributing back.
“100 million Americans, probably more now, that are receiving welfare in this country. 100 million out of about 340 million.”
Proposed Work Requirements: The bill introduces a requirement for Medicaid recipients to work 20 hours a week or volunteer in a community service role to qualify for full benefits. O'Reilly defends this measure as reasonable, arguing that it promotes responsibility and self-sufficiency.
“You have to look for work or volunteer at a place that needs your services... 20 hours a week to get a full health care Medicaid profile.”
Critique of Opponents: He criticizes Democrats and liberal networks for their opposition, accusing them of attempting to infantilize the poor and undermine the welfare system.
Impact on States and Hospitals
O'Reilly examines how the bill affects state budgets and healthcare institutions:
State Taxation on Medicaid: He explains that states like North Carolina previously taxed Medicaid transactions at 6%, but the new bill caps this at 3.5%. While this seems generous, O'Reilly claims that states are exploiting loopholes despite the cap.
“The bill says, now we're going to cap it at 3.5%, which is still generous. States are making 3.5% on every Medicaid transaction. Pretty generous.”
Hospital Challenges: The reduction in Medicaid funding is expected to increase the number of uninsured individuals, who will then rely on emergency rooms for care—a situation O'Reilly views as problematic for hospitals and the healthcare system.
“They are going to come to the emergency rooms for free care. Because remember, if you don't have health insurance, every hospital has to take you in the emergency room to treat whatever you have by the law.”
Conclusion and Final Thoughts
Bill O'Reilly concludes the episode by reiterating his stance against what he perceives as an overreaching welfare state. He emphasizes the importance of personal responsibility and fiscal responsibility, arguing that unchecked welfare programs lead to societal decline and unsustainable national debt. O'Reilly challenges listeners to consider the long-term implications of entitlement spending and advocates for policies that encourage work and self-reliance.
Key Takeaways:
This episode offers listeners a clear, unabashed perspective on recent legislative changes, challenging prevalent media narratives and advocating for policies centered on factual analysis and American fiscal prudence.