My favorite cut-out dough, which I first made with the nieblings when they were small. It behaves well and makes a Biscoff-like cookie.

Ingredients Step
2 sticks (16 T.) butter
160 g (¾ c.) brown sugar
100 g (½ c.) white sugar
1½ t. baking powder
1½ t. cinnamon
1½ t. ginger
½ t. cloves
¾ t. salt
Beat together until light and fluffy, scraping down as needed.
1 egg
40 g (2 T.) molasses
Add. Beat well.
360 g (3 c.) flour Measure into a large bowl.
Mix about half the flour into the butter mixture.
remaining flour mixture
21 g (3 T.) cornstarch
Stir together, then add to butter mixture and mix.
Divide the dough in half. Form balls then disks. Smooth the edges by rolling on a work surface. Wrap in plastic, then refrigerate at least 1 hour.
Preheat oven to 350 degrees.
Flour your work surface. Remove one dough disk from fridge. Start to roll it out (if it tears, let it warm up a bit more). Roll as thick as you like (maybe ⅛-¼"), then cut cookies out and place on ungreased baking sheets.
Bake until slightly brown around the edges / until firm, around 10-12 minutes.
Let cookies cool on baking sheet for several minutes until set, then transfer to a rack to cool completely.

Source: PJ Hamel at King Arthur Baking