Construction Industry News: Dec 22, 2017

Oroville Team Passes Milestone, Presses on With Spillway Fix

A mix of brute force and cutting-edge technology enabled contractors to replace a large portion of Oroville Dam’s spillway chute in just 165 days, meeting a Nov. 1 deadline set in anticipation of the start of northern California’s winter rainy season.

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NY, NJ Reach Funding Pact for New $13B Rail Tunnel Under Hudson River

New York and New Jersey announced Thursday how they will pay for their share of an estimated $13 billion project to build a new rail tunnel under the Hudson River and other improvements, with New Jersey's outgoing governor outlining a plan that calls for progressively steeper fare hikes for train riders in his state during the next 20 years.

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House, Senate pass $1.5 trillion tax reform bill

The House and Senate voted Tuesday to pass the final version of a $1.5 trillion tax reform bill, according to The New York Times. The House is scheduled to revote Wednesday morning after mandatory revisions are made in accordance with House rules.   

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How the GOP tax overhaul could affect construction

The 30-plus-year drought since the last tax code overhaul may be finally over as Congress sets out to vote on and place a now-finalized tax bill on President Donald Trump's desk. The bill slashes the corporate tax rate from 35% to 21%, and also includes massive changes to how income earned or kept offshore is treated. Every industry could see effects — including higher education. Here's a 60-second overview of what the bill could change for the construction industry, and where other industries that impact construction stand on it.

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Safety Management in the Construction Industry 2017

This report is the third in a series examining safety in the construction industry. 

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