Today, we take a deep dive into the provisions affecting small businesses and taxes in the “One Big Beautiful Bill,” which aims to enact President Donald Trump’s agenda. The bill passed the U.S. House of Representatives in May, and the U.S. Senate released its proposed version of the bill on Monday. The Senate’s draft upheld many policies from the House of Representative’s version, including cuts to the Supplemental Nutrition Assistance Program. We explain how the ripple effects of those cuts could affect small businesses such as grocery stores and farmers. Also, we dig into the implications of the Senate’s proposal to make permanent several business tax breaks.

Here’s everything we talked about today:

• “Here’s what’s in the Senate GOP’s version of Trump’s ‘big, beautiful bill’" from The Hill
• “Senate Republicans seek tougher Medicaid cuts and lower SALT deduction in Trump’s big bill” from The Associated Press
• “Tax Cuts and Jobs Act: A comparison for businesses” from the Internal Revenue Service
• “The Farm Safety Net: A Closer Look at ARC and PLC” from the National Sustainable Agriculture Coalition

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

Every day this week, we’re going to take a closer look at the “One Big Beautiful Bill,” which aims to enact President Donald Trump’s agenda. It proposes a tax cut and increased spending for border security and the military. It also includes cuts to health, nutrition, education and clean energy programs. Today, we explain the rules around what provisions can go into reconciliation bills, and where the bill currently stands in the legislation process now. Plus, we answer questions from listeners on how the bill could affect their student loans and access to higher education.

Here’s everything we talked about today:

• “Senate sidesteps parliamentarian, widens reach of CRA” from Roll Call
• “Republicans face critical week on Trump megabill” from The Hill
• “The Senate is assessing the "Big Beautiful Bill" line by line to eliminate non-budgetary measures” from Marketplace
• “Senate Republican education plan may trigger ‘avalanche of student loan defaults,’ expert says” from CNBC

Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

The economic position of the baby boomer generation has long been the envy of younger ones in the United States. But the tides may be turning as the Trump administration seeks deep cuts to social benefits that older Americans rely on. We’ll get into it. And, Kimberly joins the show from the National Press Club in Washington D.C., to make us smarter about how the GOP’s reconciliation bill could impact the richest and poorest Americans. Plus, we’ll play a round of Half Full/Half Empty!

Here’s everything we talked about today:

• "GOP tax bill would cost poor Americans, boost highest earners, CBO says" from AP News 
• "Megabill would cost poorest households $1,600 a year, boost richest by $12K, CBO predicts" from Politico 
• "Baby Boomers’ Luck Is Running Out" from The Atlantic
• "Why is everyone so crazy for Labubu toys?" from Marketplace
• "Booming sales of the latest Nintendo Switch bode well for the gaming industry" from Marketplace
• "You’ve Heard of Fine Wine. Now Meet Fine Water" from The New York Times

• "A federal judge ruled AI chatbots don't have free speech protections — for now" from Marketplace 

  
  

  Got a question for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

More than 100 years after the Tulsa Race Massacre, the Oklahoma city’s mayor recently announced a $105 million reparations package to address the Massacre’s lasting impact. Marketplace’s Mitchell Hartman joins us on the show today to explain how we got here, and more from his reporting on economic injustice in Tulsa’s Greenwood neighborhood. Plus, we’ll get into what the new reparations package could mean for Black Tulsans and the push for reparations in other cities.

Here’s everything we talked about today:

• "The Tulsa Race Massacre destroyed Black lives and wealth. What's owed to survivors' descendants?" from Marketplace
• "Black Tulsans still feel effects of Greenwood neighborhood's "second destruction'" from Marketplace 
• "$105 Million Reparations Package for Tulsa Race Massacre Unveiled by Mayor" from The New York Times
• "$105 million trust to be built for 1921 Tulsa Race Massacre reparations, city says" from Public Radio Tulsa

We want to hear from you. Email [email protected] or leave us a voicemail at 508-U-B-SMART.

President Trump announced a new trade deal with China after days of negotiations. Here’s the thing: Trump’s tariffs on China will stay the same. So what did the two countries actually agree to? We’ll get into it. And, after Health Secretary Robert F. Kennedy Jr. fired a panel of experts that advises the Centers for Disease Control and Prevention on vaccines, doctors and insurance companies are wondering who they should look to for guidance. Plus, a life-sized stuffed moose on Capitol Hill makes us smile.

Here’s everything we talked about today:

• "Trump Hails Progress With China, but Details Are Sketchy"  from The New York Times
• "RFK Jr. just fired the government’s vaccine experts. What do you do now?" from Vox
• "Former CDC director reacts to RFK Jr.’s firing of entire vaccine advisory panel" from PBS News
• "If you move a moose through the Senate" from Roll Call

• "An 84-Year-Old Woman on a Pony Inspires Awe—and Concern—in the U.K." from The Wall Street Journal

  
  

  We want to hear from you. Email [email protected] or leave us a voicemail at 508-U-B-SMART.

For decades, going to college has been seen as a reliable path to good jobs and economic success in the United States. But a recent Indeed survey reported that over half of Gen Z respondents beg to differ. As tuition prices continue to rise and the Trump administration takes aim at higher education institutions, is the way we view college changing? On the show today, Bryan Alexander, a higher education writer and senior scholar at Georgetown University, explains why college is still a worthy investment for most students, why more people are considering certificate programs and technical schools, and how President Trump’s attacks on elite universities are a risk to higher education as a whole.

Then, Kimberly breaks down the difference between the reconciliation bill and government spending bills in Congress. And, Casey Johnston, author of “A Physical Education,” answers the Make Me Smart question.

Here’s everything we talked about today:

• "Report: 51% of Gen Z Views Their College Degree as a Waste of Money" from Indeed  
• "Against college for all: the AFT president" from Bryan Alexander 
• "Americans Are Losing Faith in the Value of College. Whose Fault Is That?" from The New York Times
• "Good Jobs Project" from Georgetown University
• "House considers Trump cuts as Senate Republicans work on reconciliation bill" from Roll Call
• "Deal or no deal? Inside reconciliation and gov’t funding" from Punchbowl News
• "A muted backlash to Trump’s new travel ban" from Politico 
• "Have Americans grown numb? Trump’s new travel ban met with muted reaction" from MSNBC

• "Finding Strength in a Bigger Body" from The Cut 

  
  

  
  Got a question about the GOP’s reconciliation bill? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

President Donald Trump deployed California National Guard troops to Los Angeles on Sunday, following demonstrations over the weekend protesting the Trump administration’s immigration crackdown. The decision was made without California Governor Gavin Newsom’s approval, and the state is now suing the “illegal and immoral” move. We get into all the potential ramifications of the uptick in immigration raids. Then, we discuss how people in other countries have coped with anti-democratic forces in their own communities. Finally, we smile at the original cast of “Hamilton” reuniting for the musical’s 10-year anniversary.

Here’s everything we talked about today:

• “The Beautiful Danger of Normal Life During an Autocratic Rise” from The New York Times
• “The 78th Annual Tony Awards® | Hamilton 10 Year Anniversary Performance” from CBS
• “The original cast of ‘Hamilton’ reunites on the Tonys stage with rousing performance” from CNN
• “When to see June’s full strawberry moon on Tuesday night” from The Washington Post

Got a question or comment for the hosts? Email [email protected] or leave us a voicemail at 508-U-B-SMART.

From our sponsor: Imagine if you could ask someone anything you wanted about their finances. On “What We Spend,” people from across the country and across the financial spectrum are opening their wallets — and their lives — to tell you everything: What they make, what they want, and — for one week — what they spend.

“What We Spend” is available wherever you get your podcasts!

Hey Smarties! Make Me Smart is taking a short break while Kimberly and Reema cook up something good for you!

In the meantime, we’re bringing you an episode from “Financially Inclined” a podcast from Marketplace that helps families learn more about money. It turns out where you park your money can actually make a difference in the fight agains climate change. Today, host Yanely Espinal speaks with author and financial educator Kara Perez about how you can spend, save and invest your money in a way that aligns with your values, without sacrificing your financial goals. Plus, they share practical tips for how to use your money to make a real impact.

It’s Kai’s last day as a regular co-host of “Make Me Smart” and he’s got a solid rant (and two bleeps). We’ll get into the Trump administration’s push to block international students at Harvard, thretening one of American’s biggest exports: higher education. Plus, we’ll unpack the Supreme Court’s 4-4 split over a separation of church and state case. And, could penguin poop be a tool against global warming?

Here’s everything we talked about today:

• “Supreme Court deadlocks, blocking creation of first religious public school” from The Washington Post
• “Trump Administration Halts Harvard’s Ability to Enroll International Students” from The New York Times
• “Harvard University Loses Student and Exchange Visitor Program Certification for Pro-Terrorist Conduct” from the U.S. Department of Homeland Security
• “Stop making cents: US Mint moves forward with plans to kill the penny” from AP News
• “Penguin Poop Could Limit Global Warming’s Impact on Antarctica” from Bloomberg

“Make Me Smart” is going on a break! Kimberly and Reema will be back with new episodes June 9. We’d love to hear from you while we’re away. Email [email protected] or leave us a voicemail at 508-U-B-SMART.