move ahead on a overhaul in the trump administration's first month. it is something that republicans in congress have been advocates and planning for years. economist art laffer is chairman of laugher associates and was an economic advisor to president ronald reagan. he joins me from nashville. arthur, great to see you again. >> good to see you, paul. thank you, it's fun. paul: stock market rally since election day has been big. what are investors looking for anticipating? >> i think they're anticipating tax rate reform. i think they're anticipating a lower corporate tax for sure. when you discount those profits coming forward it leads to a fairly attractive stock market. i think this stock market reflects their optimism about the future. paul: should which be concerned there is a stall in the rally last three or four weeks? >> not really. we had a similar situation when reagan came into office and the market then went way down, as you may know in august of 1982.
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