Bill O’Reilly’s No Spin News and Analysis - The O'Reilly Update, November 17, 2021

Episode Date: November 17, 2021

Joe Biden predicts his ‘Build Back Better’ plan will pass this week, the FDA moves to authorize COVID boosters for all adults, gas prices in California reach record highs, economists rank the most-taxed cities in the USA. Plus, Bill's Message of the Day, will America become the most taxed nation on earth? Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill O'Reilly here, Wednesday, November 17th, 2021. You are listening to the O'Reilly update. Here's what's happening today in America. President Biden predicts his build-back better plan will pass this week. The FDA moves to authorize COVID boosters for all adults. Gas prices in California reach record highs. Economists rank the most tax cities in America. Also, ahead, will high taxes ruin this country?

But first, the president touring an aging bridge in New Hampshire to promote infrastructure. Also, Mr. Biden telling reporters his billback better plan will pass Congress before Thanksgiving. Quote, I'm confident the House is going to pass this bill, then the Senate. I think we'll get it passed within a week. Now, moderate Senator Joe Manchin may block the package. He claims the White House is using gimmicks to hide the true cost of trillions of dollars in spending, which is true. I'd be surprised to see the mammoth bill pass anytime soon. The FDA could endorse COVID boosters for all adults by Friday.

New data shows the vaccine's effectiveness wears down after six months. Mixed messaging from the White House has created confusion for many older Americans. Cases of COVID on the rise again in the USA. Infections up 18% since summer. Price for gas in California hitting record highs. Folks in the Golden State now paying $4.70 a gallon. Costs in downtown LA and San Francisco can top six bucks a gallon. That's $108 to fill up the average gas tank.

There are no states in the country where a gallon of gas costs less than $3. Forbes magazine ranks the highest tax towns in America. Number one this year, a tie between Los Angeles and San Francisco. Ironically, the two places with the highest gas prices. Each city spends $1.5 billion on payroll alone. Folks there making $100,000 give half their salary to the federal and state governments. lowest tax city in America? Anchorage, Alaska. Folks up north take home 80% of their income and they also get subsidies from oil sales, checks that go directly to them. So the question

becomes, will Joe Biden's tax vision hurt America? Analysis in a moment. Let's face it, the US economy is under stress. National debt rising, trade war, shaking the markets. And meanwhile, China is dumping the dollar and stockpiling gold. That's why I protected my savings with physical gold and silver through the only dealer I trust, American Hartford Gold. And you can do this. Get precious metals delivered to your door or place in a tax advantage, gold IRA. They'll even help you roll over your existing IRA or 401k, tax and penalty-free. With billions and precious medals delivered thousands of five-star reviews and an A-plus from the Better Business Bureau, you can trust American Hartford Gold as I do. Please call 866-326-55-7576 or text bill to 99-89-89-again.

and that's 866-326-5576 or text bill to 998899. Time now for the O'Reilly Update message of the day. If the new reconciliation bill passes, that's bill back better, the USA will become the highest taxed free country in the world, according to the Wall Street Journal. If the Democrats get $4 trillion in spending, the USA will have the highest combined federal and state income tax rate anywhere. According to the Tax Foundation, America today is in the middle of the pack, with a combined top rate at 43%. under Biden's proposals, that top rate would jump to 57% of our incomes by 2026. Higher than Germany, 47% there, Sweden, 52%, France 55%.

The increase would come from new taxes. The proposed bill slaps on high earners, 5% rate on earnings above 10 million, another 3% above 25 million. But unlike the ordinary income tax, the surcharge rates would also apply to non-wage earnings like capital gains when you sell a stock or bond. And that would severely hurt and curtail investment. Now, the socialists who control Joe Biden and the Democratic Party need all this tax money to give people free stuff. It's that simple. Entitlements by votes. that comes under the banner of social justice. The left believes white men control all the wealth and exploit people of color.

So their goal is to punish the so-called patriarchy. What high taxes have done almost everywhere is SAP SAP SAP initiative. Why we're called? and create things when the government is going to seize your wages. You see this in Europe. I was in Germany right before COVID broke out, and in Munich, workers there pay taxes on everything and have little left over to even vacation. Yes, they get free health care, free education, pension, all of that. Cradle to grave entitlements. But when I'm talking to shopkeepers in Germany, they're basically telling me they do a cash business. They don't want your credit card

because they don't want to report what they earn to the government in Berlin. Because if they do, the government will take about 60% of the money. So therefore, you have this capitalist game where people are trying to dodge taxes every time you turn around. But the real danger is that people and the work ethic they should have in a powerful country like America will decline. People are going to say, why should I kill myself to earn a few extra bucks when they're going to take it all away. And that means people at the top as well. So you're going to see a decline in production and innovation in America. I'm Bill O'Reilly. I approve the message by writing it. For more honest news analysis, please go to billowrily.com. You will like it there.

In a moment, something you might not know. Power, politics, and the people behind the headlines. I'm Miranda, Vine, New York Post columnist and the host of the brand new podcast, Podforce One. Every week I'll sit down for candid conversations with Washington's most powerful disruptors, lawmakers, newsmakers and even the President of the United States. These are the leaders shaping the future of America and the world. Listen to Podforce One with me, Miranda Devine, every week on Apple Podcasts, Spotify, or wherever you get your podcast. You don't want to miss an episode.

Now the O'Reilly Update brings you something you might not know. Seventy-four years ago today, the Screen Actors Guild, that's a union, forced its members to take an anti-communist oath. The pledge started a Hollywood blacklist that would plague the movie industry for decades. Here is the story. The Red Scare swept Los Angeles in 1946 right after World War II ended. When the Hollywood Reporter published a column called a vote for Joe Stalin, the newspaper claimed Soviet sympathizers had infiltrated the film business. One year later, the House Committee on Un-American Activities publicly interrogated entertainment professionals under suspicion that they were subverting democracy.

First to testify, Walt Disney, then actor Ronald Reagan, who was involved with the Screen Actors' Guild. On November 17, 1947, 10 days before, they were scheduled to appear in Washington, the Screen Actors Guild asked all members to sign the anti-communist oath, but not everybody would. The hearings gained national attention when a handful of writers and directors dubbed the Hollywood Ten. were held in contempt of Congress for refusing to testify before the House of Un-American Activities Committee. Within a week, the most powerful film executives in the country released a joint statement. Anyone suspected of working with communists would have no place in Hollywood. The first blacklist had begun. By 1950, a pamphlet was published identifying 151 entertainment

professionals labeled red fascists and their sympathizers. Nearly all were banned from the movie industry without due process. In 1962, a lawsuit ruled those who used a blacklist could be held financially liable for damages inflicted on another person's career. So that put an end to Hollywood's Red Scare. They did not want to be sued. At its height, the blacklist included 300 people. And here's something else you might not know.

Today, there is a new blacklist in Hollywood. It's called cancel culture. Speak out in defense of traditional American values. Embrace for a backlash that would make Joseph McCarthy blush. Now this. Hey, I'm Caitlin Becker, the host of the New York Postcast, and I've got exactly what you need to start your weekdays. Every morning, I'll bring you the stories that matter, plus the news people actually talk about,

the juicy details in the world's politics, business, pop culture, and everything in between. It's what you want from the New York Post wrapped up in one snappy show. Ask your smart speaker to play the NY Postcast podcast. Listen and subscribe on Amazon Music, Apple Podcast, Spotify, or wherever you get your podcasts. Thank you for listening to the O'Reilly update. I am Bill O'Reilly. No spin. Just Facts.

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