House Republicans in Congress approved President Donald Trump's multitrillion-dollar tax breaks and spending cuts bill in a narrow vote Thursday, overcoming setbacks to pass Trump's signature second-term policy package before a Fourth of July deadline.

Now that the tax and spending bill ahs been signed into law, how it will impact the finances of Americans is more clear.

Of the $16.4 billion annual Medicaid costs for Louisiana, state taxpayers kick in about $3 billion, according to the Legislature. The new law would halt some of the tools Louisiana uses to pay that $3 billion, requiring the state to pour in extra money or let some people go without health insurance.