Market Gauges Implications of AHCA Withdrawal on Tax Reforms

The market maintained a risk-off mode on Monday as Trump pulled the healthcare bill (AHCA) from the House minutes before vote last Friday. The government has decided to move on and focus on tax reform bills. As US Treasury Secretary Steven Mnuchin suggested, "Health care is complicated, tax reform is a lot simpler in some ways". Nonetheless, investors are concerned the failure of AHCA would provide less fiscal headroom for the tax plans, not to mention the divisions within Republicans.

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Market Gauges Implications of AHCA Withdrawal on Tax Reforms