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grants over five years for semiconductor manufacturing and research, along with 5G wireless deployment; a tax credit covering 25 percent of spending on new semiconductor manufacturing plants through 2026
with party leaders on a potential five-year suspension of the $10,000 cap on state and local tax deductions, though that break would be paid for by extending the current law cap five years beyond its 2026
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.