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That project, the Mountain Valley Pipeline, is more than 90 percent complete, but the company building it asked the Federal Energy Regulatory Commission for permission to take until 2026 to finish
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
Taxes would climb more widely in 2026, when the individual cuts from the 2017 GOP tax law are set to expire and the SALT cap would be extended under Democrats’ plan.
Under the proposal circulating on Capitol Hill, the current $10,000 limit on SALT deductions would be repealed for the 2021 through 2025 tax years, then reinstated from 2026 through 2030 in Democrats
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.
Waters’ draft bill would increase the number of vouchers incrementally for five years and then guarantee subsidies for all who qualify starting in 2026.
With her current term running through 2026, the 68-year-old would have at least four years in the role.Â