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The Money with Katie Show

Understanding the Big Beautiful Bill's Repercussions, with the Highest Ranking Woman in Congress

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.81.3K Ratings

🗓️ 30 July 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Amid the heat of recent legislative chaos, I got the opportunity to briefly sit down with the House Democratic Whip, Representative Katherine Clark, to ask what your average American can anticipate over the coming years—from the downstream effects of Medicaid cuts on rural and low-income communities, to the fourfold expansion of the ICE budget. Transcripts, show notes, resources, and credits can be found at: https://moneywithkatie.com/big-beautiful-bill. — Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Get your copy of Rich Girl Nation: ⁠⁠⁠⁠⁠⁠⁠https://moneywithkatie.com/rich-girl-nation⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Race the rudder, raise the sails, raise the sales!

0:05.0

Captain, an unidentified ship approaching. Over.

0:07.0

Roger that. Wait, is that an enterprise sales solution?

0:13.0

Reach sales professionals, not professional sailors.

0:17.0

With LinkedIn ads, you can target the right people by industry, job title, and more.

0:21.4

To get £100 off your first campaign, go to LinkedIn.com slash lead to claim your credit.

0:26.6

That's LinkedIn.com slash lead. Terms and conditions apply.

0:31.5

The impact of this is going to be generational. And you cannot close.

0:38.7

We have 300 hospitals that are saying they will close under these Medicaid cuts alone.

0:46.9

Once those hospitals close, you cannot just come back five years from now, 10 years from now, and say, we're going to reopen.

0:57.3

Communities fail. People move out. People move on. And what we're saying to people reliant on

1:04.5

health care, especially in rural America, is you don't matter. You don't matter. We are going to do something to your community

1:14.7

that could change the very fabric of it for a long, long time, for this sort of sugar rush for the

1:22.4

very wealthy to get a tax break. And so it's short-sighted and just these long-term impacts that really concern me.

1:40.8

Today's regularly scheduled programming was going to be a conversation with the author of Just Keep Buying and the wealth ladder, my friend Nick Majuli.

1:50.0

We talked about how we earn, invest, and prioritize in different phases of our financial lives.

1:56.4

It's a pretty tactical conversation.

1:58.2

I'm excited for you to hear it next week. But this week,

2:03.0

given the massive legislation that passed the week our Ray Dalio interview aired, where he raised

2:10.4

the alarm bells about the downstream deficit effects if it were signed into law, it only

2:16.4

felt right to have a conversation that dealt more

2:19.7

directly with what the one big, beautiful bill act will likely mean for average Americans.

...

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