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

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 4 June 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

Transcript

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0:00.0	Imagine if you had a co-host in your life, you know, someone who could help manage your every day and do the things that you don't have time for.
0:07.0	Well, unfortunately, that's not something we can opt into in life, but it is something you can opt into as an Airbnb host.
0:13.8	If you find yourself away for a while, like I do, maybe for work, a long trip, or a big life adventure, a local co-host can help you manage everything.
0:23.1	From guest communications to check in, to making sure your place stays in tip-top shape,
0:28.5	they have got you covered. These are trusted locals who know your area inside and out,
0:33.1	giving your guests a warm welcome while you focus on your own starring role, whatever that might be.
0:38.8	You know that I love how hosting on Airbnb helps you monetize your home, an asset that you
0:43.3	already have. That is a holy grail. And as a longtime fan of Airbnb, I have been telling everyone
0:49.5	I know that they should be hosting too. But some of my busiest friends have been overwhelmed
0:54.1	by this whole idea of hosting. But thanks of my busiest friends have been overwhelmed by this
0:54.5	whole idea of hosting. But thanks to the new co-host offering, they have finally signed up.
0:59.5	So if you've got a secondary property or an extended trip coming up and you need a little help
1:03.7	hosting while you're away, you can hire a co-host to do the work for you. Find a co-host at
1:08.6	Airbnb.com slash host.
1:12.5	I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand.
1:17.7	It's time for some money rehab.
1:27.0	Elon Musk basically says the bill sucks. And while that's not usually how I open a budget breakdown,
1:32.4	it is a pretty good place to start because, honestly, he is not alone in his findings.
1:36.7	Today we are talking about the big, beautiful bill. At least that's what Trump is calling it.
1:41.4	And it's not just a name, it's a strategy. This bill is massive,
1:45.8	over a thousand pages, and it's trying to do everything at once, cut taxes, cut spending,
1:51.7	reshape benefits, and supposedly reduce the debt. Spoiler alert, it does not, but we will get there.
	...

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