Bill O’Reilly agrees that the “big, beautiful bill” that passed the Senate on Tuesday isn’t perfect – but says if it doesn’t reach the president’s desk, it will trigger a deep recession and economic downturn that will doom the Trump administration and throw the Democrats into the middle ground.
Despite the dire forecast, “I hope the House passes this,” the “No Spin News” host and former Fox News anchor said Monday. “Anyone in Congress who wants to run on the Republican Party ticket again — voting against the bill is done. … The pressure is enormous.”
The House of Representatives previously approved a version of the bill, but needs to vote again on the Senate’s amended version. Its fate remains somewhat uncertain, mainly due to continued opposition—not a single Democrat voted for either—and the need for unanimous Republican support.
“This is President Trump’s D-Day,” O’Reilly said. “As I’ve explained several times, and I’m sorry to be repetitive, but this is very, very important. This isn’t about the bill itself, because the bill is loaded with federal spending. That’s not vital. It’s called pork barrel, and that’s it.”
O’Reilly called some of the bill’s provisions “ridiculous,” but added that its failure would mean a large tax increase for most Americans.
“If that happens, there will be a recession because consumers are stuck right now,” O’Reilly said. “They can’t pay any more taxes to the government—state, local, whatever.
O’Reilly said Trump is “done” if that happens.
“He’s going to lose the middle ground—both houses,” O’Reilly said. “So now we’re—it’s not just a vote on pork barrels and overextended federal spending. It’s a vote on whether you want to keep this president or not. Okay? In power.”
O’Reilly also burned through mainstream media characterizations of the bill—calling them a “scandal”—in particular, reports that it would cut Medicaid payments and include tax cuts for the wealthy.
“This doesn’t reduce Medicaid payments,” O’Reilly said. “It doesn’t. But the media repeatedly lies to make unintelligent people think Medicaid will be cut and all these people will be thrown out onto the streets without medical care. What the bill does is tighten people’s eligibility. All you have to do to be eligible for a week of medication is look for a job or volunteer for a job.”
Regarding tax cuts, O’Reilly said he is only implementing cuts that were approved in 2017, during the first Trump administration. The only new tax cut, he noted, is in tips—which Trump promised during the election.
“So, my son is a waiter this summer,” O’Reilly said. “He gets tips. On his income tax, he’ll be able to deduct, okay, a lot of it, and he’ll keep the tips. Plus, for seniors who pay Social Security taxes—you’ll get a bigger deduction. Is there anything wrong with those two things?”
Watch the entire “No Spin News” segment in the video above.
