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Spending drops sharply after 2026, when only full refundability would remain in place. About $13 billion of that cost would be for keeping it fully refundable in the second half of the decade.
The committee earlier this year unanimously approved legislation that would spend more than $35 billion through fiscal 2026 on drinking water systems and wastewater projects.
Biden nominated Santos to serve out Dillingham’s remaining term, which expires later in the year, as well as a new five-year term that runs through the end of 2026.
Waters’ draft bill would increase the number of vouchers incrementally for five years and then guarantee subsidies for all who qualify starting in 2026.
, the CBO said if current laws generally remain unchanged, debt as a share of the economy will fall slightly from an estimated 102.3 percent of GDP in fiscal 2021 to slightly less than 101 percent in 2026
The GOP bill would also require the Transportation Department to establish a national VMT implementation pilot program for government-owned vehicles by Oct. 1, 2026.
To offset some of the added cost, the compromise amendment would extend a limit on losses some business owners can claim against other income for an extra year, through 2026.
It includes $5 million for fiscal 2022 through fiscal 2026 for the injection and sequestration of carbon dioxide emissions into deep rock formations.
Union pension plans’ financial woes are putting such a strain on the PBGC that its multiemployer insurance fund is in danger of running dry by 2026.
With her current term running through 2026, the 68-year-old would have at least four years in the role.Â
The Teamsters’ Central States fund, with some 360,000 participants, is expected to be insolvent in 2026.