How Trump's Big, Beautiful Bill Could Affect Your Wallet

4 June 2025 · 9m

Money Rehab with Nicole Lapin

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Elon Musk called it “a disgusting abomination.” Trump calls it “The Big, Beautiful Bill.” Either way, Washington is on fire with debate over the latest federal budget proposal—clocking in at over 1,000 pages, with a July 4th deadline and trillions of dollars on the line. Today, Nicole breaks down what’s actually in the bill, what it would mean for your money, and why it’s facing backlash from both sides of the aisle. From deep cuts to Medicaid and food stamps, to the expansion of Trump’s 2017 tax cuts, to that new “Trump Account” baby savings plan—this episode is your primer on the bill that could reshape the economy.

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