Former Fox News host Bill O’Reilly told conservative radio host Glenn Beck on Friday that President Donald Trump won’t last four years in the White House if he doesn’t get the ball rolling on tax reform.
“I think the president has got to stop everything and just, you know, get into the tax cut business and get in fast,” O’Reilly said, adding that Trump won’t “have any power” if he doesn’t, because the Republican Party “is turning on him.”
O’Reilly’s bold prediction prompted Beck to ask if that means he believes Trump will be impeached. The former Fox host said that, once the president loses support from his base, “they walk away.”
“Then the bad guys come in, and they’re going to throw everything at him. They’ll trump up stuff, they’ll make up stuff,” he asserted. “[I]f he loses his support, and he hasn’t so far. His people are staying with him.”
Beck agreed, but noted many of the president’s supporters “are softening” on their unshakable defense of Trump.
In late April, the White House unveiled a one-page summary of the Trump administration’s tax reform plans. Speaking to reporters at the time, chief economic adviser Gary Cohn described the proposal as the “biggest tax cut” in American history.
The plan cuts the number of income tax brackets from seven to three, with the top rate being 35 percent, the median rate being 25 percent, and the lowest 10 percent. And perhaps the most eye-popping cut is the White House suggestion to slash the business tax rate from 35 percent to 15 percent.
It should be noted that administration officials believe it would be difficult to get the corporate rate as low as Trump’s promised 15 percent. Instead, the White House is aiming for right around 20 percent — a rate House Speaker Paul Ryan (R-Wis.) said Thursday is “very realistic.”
Vice President Mike Pence, trying to sell retailers on Trump’s tax plan, said Tuesday that the president “is going to work with this Congress this year, and we’re going pass the largest tax cut since the days of Ronald Reagan.”
“When it comes to your businesses, our tax plan is going to put American companies, including our retailers, back on a path to jobs and growth and better competitiveness,” Pence said during an event hosted by the National Retail Federation, The Hill reported.
But despite all the talk about tax reform, little has been done to advance the issue. To date, Congress and the White House have been trapped in a so far unsuccessful fight to repeal and replace the Affordable Care Act.
As for O’Reilly’s prediction about Trump’s tenure in office, Beck said later in his show that he felt his guest “made news” with his claims.
“If Congress doesn’t pass tax cuts, [Trump’s] base will erode, and then the wolves will eat,” Beck warned. “And I think [O’Reilly’s] exactly right.”