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...much influence will Taylor have in Washington? Some say he may be to Bush what supply-sider Arthur Laffer was to Reagan. One key meeting to watch is the weekly get-together between Greenspan and Treasury chief Paul O'Neill. If Taylor starts showing up more regularly than, say, Deputy Secretary nominee Kenneth Dam, it may be a sign that the Administration is sending Greenspan a message. Or just a hint of Taylor's own ambitions. "There's no question," said one ex-Clinton official last week, "that this guy is talked about as a future Fed Chairman himself...
...supply-sider...
...Whether he and the supply-sider Lindsey will get along - and which of them will have Bush's ear on fiscal policy if they don't - is another question entirely. And neither O'Neill, Lindsey or Bush has given much public thought to the economies beyond American borders. But for the time being, people from Wall Street to Main Street just getting to know O'Neill can imagine him as sort of a Greenspan in street clothes, a Republican fiscal pragmatist who loves crunching numbers and getting his hands dirty, even if his plainspoken days may soon be behind...
...BLUE] Paul O'Neill TREASURY SECRETARY Open-minded and pragmatic, Alcoa's former chairman is not a devout supply-sider. He once supported higher gas taxes, and has good relations with labor...
There's no sign that O'Neill is an ardent supply-sider. Zarb, the NASDAQ chief who also served with O'Neill in the Nixon White House, said, "Paul's not an ideologue by any stretch of the imagination." But even those who know him well can only guess at O'Neill's views on the big, trillion-dollar tax cut Bush campaigned on last year. The prevailing view is that O'Neill will fight loyally for whatever package the President sends to Capitol Hill--but then take the lead in the hunt for a final compromise. "Paul...