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.

How do investors perceive the White House's commitment to tax reform?

What is the significance of retroactivity in the context of tax reform?