White House staff and outside aides who assisted Treasury
Secretary nominee Henry Paulson with his murder
boards were holding their breath on Tuesday during his confirmation
hearing.
According to sources familiar with the prep sessions with
Paulson, the former Wall Street executive and well-known supporter
of and financial contributor to Democrats could not get in line
with the Bush administration’s support for ending the estate or
“death” tax, and permanent extension of the capital gains tax and
other tax cuts that are due to expire in the next three years.
“He does not personally support them or believe in them,” says a
person familiar with Paulson’s thinking. “And during the murder
boards he kept presenting his personal views and not those of the
Treasury Department or President Bush. It was a challenge to get
him thinking like a team player.”
Maybe they should forget about getting him to think like a “team
player” and get someone who thinks if not like a fiscal
conservative, then at least a Republican.
Paulson is expected to be confirmed by the full Senate, though
his performance in the Senate left much to be desired. His comments
regarding tax policy were in line with comments made by other
Treasury officials before Congressional bodies.