Bill O’Reilly tonight previewed tomorrow’s State of the Union address, during which President Barack Obama is expected to ask for higher taxes on businesses and the affluent.

“The Factor” host said that Obama knows that Republicans won’t accept a tax hike, but that he doesn’t care.

“He continues to play Robin Hood, taking from the rich and appropriating that money to the poor and working class,” he said. "With no hope of getting more tax increases, Barack Obama is simply setting up Hillary Clinton’s run for the presidency in 2016.”

O’Reilly noted that 35 percent of American homes are getting some kind of government welfare other than Social Security and Medicare.

“A culture of dependency is making America weaker, no question,” he said.

O’Reilly said Obama might also ask Republicans and some Democrats to back off on Iran. He explained that some lawmakers want to re-impose economic sanctions against Iran that would be dormant until June 30, but would kick in if Iran doesn’t make a nuclear weapons deal.

“Sounds OK, right? But it's not necessary and might give Iran a bad-faith argument. The mullahs could say they do not respond to threats,” O’Reilly said. “If America has to take drastic action against Iran, the world must know we did everything we could to be reasonable with these people.”

According to O’Reilly, “The State of the Union address is and always has been an evening of propaganda.” He said that Obama’s policies haven’t worked, America’s stature overseas has fallen and there’s no plan to counter the jihad.

Watch the memo above.