The newly enacted tax law will create a more favorable tax climate for the business community, which should spur job and economic growth and keep single-family housing production on a gradual upward trajectory in 2018, according to economists speaking at the National Association of Home Builders (NAHB) International Builders’ Show in Orlando.
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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…
Read MoreReports: Trump Says Tax Reform Can Pay for Infrastructure
President Trump told members of the tax-writing Senate Finance Committee that lawmakers can find funds to pay for a major infrastructure investment program out of a pending tax overhaul, and could perhaps combine those measures, according to the American Association of State Highway and Transportation Officials.
Read MorePCA Predicts Moderate Cement Growth
The latest Portland Cement Association (PCA) forecast of U.S. cement consumption sees year-over-year gains of 2.6 percent and 2.8 percent in 2017 and 2018, respectively, versus uniform 3 percent levels projected earlier this year.
Read MoreNSSGA Pushes Tax Reform
Before leaving town for a week-long recess, GOP members of the U.S. House of Representatives released a policy paper that advocated for lowering the corporate tax rate from 35 to 20 percent.
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