Why U.S. Tax Reform Isn't Likely in 2017

The transcript discusses the packed congressional calendar for 2017, focusing on the Affordable Care Act (ACA) reform and tax reform. It highlights the challenges of legislative timelines, investor expectations, and the complexities of policy making. The discussion also covers the potential retroactivity of tax reforms to January 1, 2017, and the political implications of such decisions.

What is one reason the Affordable Care Act reform was prioritized on the congressional agenda?

• To reduce military spending

• To delay tax reform

• To address the straining healthcare system

• To increase the national debt ceiling

Why were investors disappointed with the timeline for tax reform?

• They thought it would be canceled

• They expected it to be completed within the first 100 days

• They wanted it to be delayed until the next year

• They believed it would not affect the economy

What is a potential consequence of delaying tax reform?

• It leads to more revisions and complications

• It reduces the number of policymakers involved

• It simplifies the legislative process

• It speeds up the implementation

What is the significance of making tax reforms retroactive to January 1st, 2017?

• It simplifies the tax code

• It delays the implementation further

• It minimizes the economic impact

• It maximizes political and economic benefits

What was a major sticking point in the tax reform discussions?

• The suspension of the debt ceiling

• The reduction of healthcare benefits

• The increase in military spending

• The border adjusted tax