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Industry Associations Laud Tax Legislation

Congress has approved the Tax Cuts and Jobs Act, a massive plan to overhaul the tax code. The measure passed the House 224 to 201 as overwhelming Republican support carried the bill past unanimous Democratic opposition and ‘no’ votes from 12 GOP members. The House vote comes after the Senate approved an identical measure, with all Democrats opposed and all Republicans present in support.

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Single-Family Housing Starts Rise in November

Nationwide housing starts rose 3.3 percent in November to a seasonally adjusted annual rate of 1.297 million units after a downwardly revised October reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This month’s reading is a post-recession high.

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Report Blames Quarry for Sinkholes

A report from federal surveyors claims a Vulcan Materials quarry is the cause of chronic sinkholes near a Sevierville, Tenn., bridge, but others believe the report is incomplete, according to a report on WBIR news.

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U.S. Concrete Acquires Cherokee

U.S. Concrete Inc. has acquired Junction, Texas-based ready-mixed concrete producer Cherokee Bridge and Road Inc. Cherokee, which serves the counties of Kimble and Menard through its three ready-mixed concrete plants, will become part of U.S. Concrete's Ingram Concrete LLC subsidiary.

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Reforming Taxes and Funding Infrastructure

The U.S. House of Representatives passed the conference report of the Tax Cuts and Jobs Act by a vote of 227-203. The U.S. Senate will now begin debate and are expected to vote on passage.

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