When reached by Newsweek, White House spokesperson Kush Desai said, "President Trump made a clear pledge: no cuts to Medicaid, Medicare, or Social Security. The One, Big, Beautiful only addresses waste, fraud, and abuse in Medicaid with commonsense reforms like popular work requirements and eligibility verification."

Here's a look at the main components of the bill and how the changes could affect tax cuts, Medicaid, food stamps, offshore oil, energy and more in Louisiana.