Ralph welcomes Heidi Shierholz, president of the Economic Policy Institute, to break down the budget bill passing through Congress that is the largest transfer of wealth from the poor and working-class to the wealthy in United States history. Then, insurance expert, Robert Hunter returns to discuss the recent rise in auto insurance rates.
Heidi Shierholz is the president of the Economic Policy Institute, a nonprofit, nonpartisan think tank that uses the power of its research on economic trends and on the impact of economic policies to advance reforms that serve working people, deliver racial justice, and guarantee gender equity. In 2021 she became the fourth president EPI has had since its founding in 1986.
We've never seen a budget that so plainly takes from the poor to give to the rich… The nonpartisan Congressional Budget Office found that lower and lower middle-income people will actually lose out. They may get something of a tax break, but they lose benefits. So that on net, their after-tax income will be lower after this bill, while the rich just make out like bandits.
Heidi Shierholz, President of the Economic Policy Institute
The draconian cuts that we are seeing to the safety net are not big enough, because the tax increases are so huge that this bill also increases the deficit dramatically.
Heidi Shierholz
Many folks are calling this the MAGA Murder Bill. They're not wrong. People will die because of the cuts that we're seeing here.
Heidi Shierholz
Robert Hunter is the Director Emeritus of Insurance at the Consumer Federation of America. He has held many positions in the field, both public and private, including being the Commissioner of Insurance for the State of Texas being the President and Founder of the National Insurance Consumer Organization and served as United States Federal Insurance Administrator.
Decide how much you need. Don't ask for more than you really need. And then once you have it, “I need this much for my car. I need this much if I hit somebody” and so on. And then you get that statistic, and you send it out to several companies and get quotes.
Robert Hunter on buying auto insurance
There isn't any program benefiting the American people that Trump is not cutting in order to turn the country over to the giant corporations and the super-rich. It's basically an overthrow of the government and an overthrow of the rule of law.
Ralph Nader
News 6/6/25
1. On May 23rd, the Trump administration Department of Justice officially announced it had reached an agreement with Boeing to drop its criminal case against the airline manufacturer related to the 2018 and 2019 crashes that killed 346 people, NPR reports. The turnover at the federal government in recent years has prolonged this case; the first Trump administration reached a deferred prosecution agreement with Boeing in 2021, but prosecutors revived the criminal case under President Biden, and as NPR notes, “Boeing agreed last year to plead guilty to defrauding regulators, but a federal judge rejected that proposed plea deal.” Just before the deal was reached, Senators Elizabeth Warren and Richard Blumenthal penned a letter calling on the DOJ <
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