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SNOW MELTS

May 30, 2006

The Wall Street Journal reports ($link) that Henry Paulson, Goldman Sachs CEO, will replace John Snow as Treasury Secretary.

I never had the impression that Mr. Snow was a player in tax policy. This administration has yet to have a powerful Treasury Secretary; unless Mr. Paulson changes that pattern, serious tax reform has no chance.

UPDATE:

Snow's Resignation Statement

Snow's resignation letter

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