{"id":62406,"date":"2025-09-10T01:43:26","date_gmt":"2025-09-10T01:43:26","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=62406"},"modified":"2025-09-10T04:22:42","modified_gmt":"2025-09-10T04:22:42","slug":"douglas-holtz-eakin-on-tariffs","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/10\/douglas-holtz-eakin-on-tariffs\/","title":{"rendered":"Douglas Holtz-Eakin on Tariffs"},"content":{"rendered":"<p>Douglas Holtz-Eakin was Director of the Congressional Budget Office and Chief Economist of the Council of Economic Advisers under George Bush. His view on tariffs is that they are a tax paid by US corporations and consumers, and if you raise taxes, growth will suffer.<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"525\" height=\"296\" src=\"https:\/\/www.youtube.com\/embed\/yjK_fX1LwbI?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p>[Length: 6:30]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Douglas Holtz-Eakin was Director of the Congressional Budget Office and Chief Economist of the Council of Economic Advisers under George Bush. His view on tariffs is that they are a tax paid by US corporations and consumers, and if you raise taxes, growth will suffer. [Length: 6:30]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3778,28,34],"tags":[1175,3782],"class_list":["post-62406","post","type-post","status-publish","format-standard","hentry","category-international-trade","category-taxes-inequality","category-us-canada-countries-regions","tag-economic-growth","tag-tariffs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Douglas Holtz-Eakin on Tariffs - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Douglas Holtz-Eakin on Tariffs - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Douglas Holtz-Eakin was Director of the Congressional Budget Office and Chief Economist of the Council of Economic Advisers under George Bush. His view on tariffs is that they are a tax paid by US corporations and consumers, and if you raise taxes, growth will suffer. 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The Yale Budget Lab estimated that households' average cost burden would fall by about half in 2026, to between $600 and $800, if\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Chief Justice John Roberts","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/chief-justice-roberts.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":63622,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/13\/markets-swing-to-risk-off\/","url_meta":{"origin":62406,"position":2},"title":"Markets Swing to Risk-off","author":"Colin Twiggs","date":"February 13, 2026","format":false,"excerpt":"Key Points The Dow Jones Industrial Average retreated below support at 50,000. Bitcoin respected resistance at 70,000, signaling a financial market swing to risk-off. 10-year Treasury yields fell to 4.1% as investors fled to safety. Bitcoin1 (BTC) is in a steep downtrend, breaking support at 70,000. The steep fall warns\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Bitcoin (BTC)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-12-btc.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-12-btc.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-12-btc.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62502,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/29\/tariffs-beware-of-the-lag\/","url_meta":{"origin":62406,"position":3},"title":"Tariffs &#8211; beware of the lag","author":"Colin Twiggs","date":"September 29, 2025","format":false,"excerpt":"Key Points Core PCE inflation increased to 2.9%, a lower-than-expected increase in response to tariffs. However, profits in vulnerable sectors are plunging as corporations are forced to eat the tariffs. Core PCE inflation edged up to 2.9%, but the rise was lower than expected in response to the widespread imposition\u2026","rel":"","context":"In &quot;GDP and Activity&quot;","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"Core PCE Inflation","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-29-pce-core.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-29-pce-core.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-29-pce-core.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61420,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/25\/inflation-the-third-certainty\/","url_meta":{"origin":62406,"position":4},"title":"Inflation, the third certainty","author":"Colin Twiggs","date":"March 25, 2025","format":false,"excerpt":"In this world nothing can be said to be certain, except death and taxes. ~ Benjamin Franklin That may have been true in 1789, but since President Richard Nixon ended the dollar's convertibility to gold in 1971, we live with a third certainty: inflation. Ending convertibility to gold lifted the\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Decline of Dollar Purchasing Power","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-24-cpi-purchasingpower.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-24-cpi-purchasingpower.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-24-cpi-purchasingpower.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":62404,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/09\/09\/bond-yields-and-the-dollar-fall-as-gold-reaches-a-new-high\/","url_meta":{"origin":62406,"position":5},"title":"Bond yields and the dollar fall as gold reaches a new high","author":"Colin Twiggs","date":"September 9, 2025","format":false,"excerpt":"Key Points Long-term Treasury yields are falling steeply in anticipation of more Fed rate cuts as the economy slows. The S&P 500 is retracing to test short-term support at 6500. Financial market liquidity remains strong, supporting stocks. The dollar is weakening, and gold and silver soared to new highs. 10-year\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-08-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-08-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-09-08-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=62406"}],"version-history":[{"count":5,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62406\/revisions"}],"predecessor-version":[{"id":62417,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62406\/revisions\/62417"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=62406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=62406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=62406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}