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Trump’s “Big Beautiful Bill” Explained

Father's Day Gift Guide and Recipes For Dad

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Trump’s “Big Beautiful Bill” Is a Tax Cut Party (But the Guest List Is… Interesting)

llustration: Anna Kim, Photos: Adobe Stock

ICYMI, former President Donald Trump is back on the campaign trail—and this time, he’s bringing a big ol’ bill with him. Literally. He’s calling it the “One Big Beautiful Bill.” Because of course he is. So what’s inside this oversized legislative party favor? Let’s break it down, no filibuster required.

Trump’s pitch: no federal income tax on overtime pay and tips. Yes, you read that right. If you're working that double shift or living off 20% gratuity, this bill promises to let you keep more of your paycheck. It's aimed at service workers, public safety folks, and pretty much anyone clocking extra hours to get by. The logic? Let hard-working Americans take home more of their earnings—and maybe inspire a little economic hustle along the way.

This isn’t just about overtime. Trump is bundling:

  • A permanent extension of the 2017 Trump tax cuts (aka the ones mostly benefiting corporations and wealthier households),

  • A crackdown on immigration (surprise, surprise), and

  • A whole bunch of other conservative goodies.

What’s the Catch?

A few, actually. Critics (and economists who live in spreadsheets) are warning that the bill could balloon the national deficit—by as much as $2.4 trillion over the next decade. That’s a lot of zeros.

And while not taxing tips and overtime might sound great, some experts say it could complicate the tax code, create weird work incentives, and—yep—leave less money for public services like roads, schools, and social programs.

So yes, you might keep a little more cash now... but the bill (pun fully intended) might come due later.

You Still Have Time to Buy Your Dad a Gift

Photo-Illustration: by The Cut; Photos: Retailers

Father’s Day always seems to sneak up (time is fake, we know), but if you haven’t figured out what to gift the dad—or dad-like human—in your life, we have you covered with a refreshingly good list of last-minute options. And no, it’s not just ties and grill tools. The roundup includes thoughtful picks that actually feel current: sleek sneakers, chef-worthy spices, self-care finds, and even stylish loungewear that says “I care about your comfort” without being corny.

There’s a gift for every dad vibe too—whether he’s the outdoorsy type, a skincare minimalist, a coffee snob, or just someone who appreciates a quality gadget. Bonus: most of the gifts are available online with fast shipping or digital delivery, so you won’t have to panic-buy a mug at CVS the night before.

Madewell Men’s Allday Tee

$35

Kiehl’s Men’s Shaving Regimen Gift Set

$62

Coach Men's Flat Card Case

$75

Foster & Rye Grilling Apron

$25

This Father’s Day, Serve Him Something Smooth

Credit: Photo: Erik Bernstein; Food Styling: Rachel Perlmutter

If you’re looking for a Father’s Day moment that feels low-key fancy but still unfussy, this Old Fashioned hits exactly right. It’s a classic—just like him—but with enough intention to feel like a toast, not a chore. It’s smooth, a little strong, and best enjoyed slowly (just like his stories that start with “Back in my day…”).

If you’re craving a podcast that feels like a movie for your ears, The Truth is worth a listen. Each episode is a short, stand-alone fiction story—sometimes dark, sometimes weirdly funny, always immersive—with incredible sound design that makes you forget you’re not actually watching something. It’s best listened to with headphones and an open mind—perfect for a walk, a wind-down, or when you want to get lost in another world for 20 minutes.

The Best Warren Buffett Stocks to Buy

If you're looking for smart, stable investments, Warren Buffett's current portfolio might be a good place to start. Yahoo Finance highlighted top picks from Berkshire Hathaway, including companies like Apple, Coca-Cola, and American Express—businesses with strong track records and long-term growth potential. These stocks aren’t about hype or quick wins—they’re about consistency and value over time. If you're thinking long-term with your money, this list is a solid reference point.