Let $\alpha:[0,1] \to \mathbb{R}^n$ be a non-constant smooth path, and suppose $\alpha'(0)=0$. Do there exist a smooth path $\beta:[a,b]\to \mathbb{R}^n$ and a smooth increasing function $h:[0,1] \to [a,b]$,
such that $\alpha=\beta \circ h,h(0)=0$ and $\beta'(0) \neq 0$. Note $h$ must satisfy $h'(0)=0$.
Example: $n=1,\alpha(t)=t^2$, take $h(t)=\alpha(t)$, $\beta=\text{Id}$.
It's easy to shows that if the answer is positive for $n=1$, then it is positive for every dimension $n$. So we are reduced to the one-dimensional case.
Not necessarily. For a $C^\infty$ counter-example take $\alpha(0)=(0,0)$ and: $$ \alpha(t) = \left( e^{-1/t}\cos(1/t), e^{-1/t}\sin(1/t) \right), \;\; 0<t\leq 1 $$ It spirals around the origin infinitely many times as $t\rightarrow 0$. Whatever the reparametrization, the MVT implies that the direction $\beta'(t)/|\beta'(t)|$ must rotate infinitely many times as $t\rightarrow 0$ which forces $\beta'(0)=(0,0)$ if smooth.
If $\alpha$ is analytic then the claim is partially true. You must have $$\alpha(t) = (at^n, bt^m) + {\rm (l.o.t)}$$ with say, $n\leq m$ and $a,b$ non-zero. Setting $s=h(t)=t^n$ and $$\beta(s)=(as, bs^{m/n}) + {\rm (l.o.t)}$$ you get a $C^1$ path for $\beta$. The smoothness of $\beta$ depends upon ratios of powers (also further away in the series). For example, with $n=2,m=3$ $\beta$ is $C^1$ but not $C^2$.