What Should Be the First Priority? A Case for Tax Reform

Republicans are bound and determined to pass legislation repealing and replacing Obamacare before they pass tax reform. The legislation House Republicans have offered is facing major pushback from both Republicans and Democrats leaving tax reform in limbo. The stock market has experienced what could be called an expectation rally based on the promise to enact tax reform, reduce regulations and to pass an infrastructure bill. Has the rally been based on expected health care reform?