Heather Richardson:

There is a coming showdown between the Democrats’ approach to the economy and the old Republican approach. Biden and the Democrats are trying to pass a $52 billion U.S. Innovation and Competition Act (USICA) that would invest in U.S. science and technology to boost American industry, support research, and fund the manufacture of semiconductor chips to free the U.S. from relying on Chinese products. But Senate minority leader Mitch McConnell (R-KY) has vowed to kill the measure unless the Democrats back off on a budget package that would fund Medicare by placing a 3.8% tax on income “pass throughs” taken by individuals making more than $400,000 a year and would allow Medicare to negotiate drug prices, significantly lowering costs to consumers.

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Lost Medicaid Funding

To date, the failure to expand Medicaid / TennCare has cost the State of Tennessee ? in lost federal funding.