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Douglas Holtz-Eakin
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Douglas Holtz-Eakin is president of the American Action Forum. Previously, he was former director of the Congressional Budget Office and former chief economist of the Council of Economic Advisers.

He has a distinguished record as an academic, strategist and policy advisor, including his recent role as a commissioner on the congressionally chartered Financial Crisis Inquiry Commission. In 2007-2008 he was director of domestic and economic policy for Sen. John McCain's presidential campaign. Previously, Holtz-Eakin was director of the Maurice R. Greenberg Center for Geoeconomic Studies and the Paul A. Volcker Chair in International Economics at the Council on Foreign Relations. Holtz-Eakin serves on the boards of the Tax Foundation, the National Economists Club and the Research Advisory Board of the Center for Economic Development.

Entries by Douglas Holtz-Eakin

Dodd-Frank Turns Five

(0) Comments | Posted July 15, 2015 | 9:07 AM

The financial crisis of 2007-08 emanated from a complex set of domestic and global forces. But at its heart was the threatened and actual collapse of large financial institutions -- Bear Stearns, Lehmann Brothers, AIG, etc. -- and, especially, the large domestic banks. The Dodd-Frank Wall Street Reform...

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Rhetoric Versus Reality on Inequality

(6) Comments | Posted July 13, 2015 | 5:57 PM

Candidate Clinton's speech today was another progressive salvo regarding the importance of addressing income inequality; ostensibly through a higher minimum wage, banning innovative business models like Uber and AirBNB, being tougher on Wall Street, taxing carried interest, and a host of other progressive favorites. The speech on "middle class economics"...

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Hollowing Out the Middle Class

(8) Comments | Posted June 30, 2015 | 9:00 AM

The White House continues to demonstrate its inadequate strategy for growth and middle-class success with more regulations directly impacting the labor market. News reports are indicating that the administration will issue its long-awaited changes to federal overtime pay regulations this Thursday. The Department of Labor's (DOL's) new regulations...

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The Reality of Taxing Carried Interest

(0) Comments | Posted June 15, 2015 | 12:32 PM

Former Secretary of State Hillary Clinton launched her presidential bid saying, "While many of you are working multiple jobs to make ends meet, you see the top 25 hedge fund managers making more than all of America's kindergarten teachers combined. And, often paying a lower tax rate." Bashing...

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Is Dodd-Frank Really Under Attack?

(4) Comments | Posted May 21, 2015 | 6:25 AM

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), which will turn 5 on July 21, is the sweeping regulatory response to the financial crisis and Great Recession. Recent news reports paint a picture of an assault on Dodd-Frank, whether in the guise of trade agreements or...

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Trade, Jobs, and the Politics of TPA

(0) Comments | Posted May 11, 2015 | 9:27 AM

Trade-promotion authority (TPA) is valuable tool for Congress to provide oversight and guidance to the Office of the United States Trade Representative as it negotiates trade agreements. In particular, it would permit the U.S. to negotiate effectively in the talks over the Trans-Pacific Partnership...

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Income Support Programs and Low-Wage Work

(2) Comments | Posted April 2, 2015 | 8:51 AM

"The starting salary for an employee at Walmart is below the poverty line. Now, the American government subsidizes Walmart to the tune of 7.8 billion dollars a year, by issuing food stamps to over one in ten of its workers. But here's the scary part. Fifteen percent of all food...
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The Future of Medicare

(4) Comments | Posted February 13, 2015 | 1:35 PM

Co-authored by Tara O'Neill

Seemingly forever, a debate has raged about Medicare reform -- not just about how to do it but about whether Medicare needs reforming at all. That debate should end. The latest Congressional Budget Office report indicates that despite the current (and likely temporary) slowdown...

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Going, Going...

(1) Comments | Posted January 28, 2015 | 1:11 PM

The Congressional Budget Office (CBO) just released the 2015 version of its Budget and Economic Outlook. This year's edition contained no real budget surprises: The federal budget remains on an unsustainable course driven by rising spending in mandatory (entitlement) programs despite rising revenues (including as a...

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Midnights and Medicare

(1) Comments | Posted December 8, 2014 | 9:24 AM

Co-authored by Brittany La Couture, AAF's Health Care Policy Analyst

It can be dangerous to put important life decisions on a clock. Medicare has proven that it is even worse to make decisions solely by the clock.

It costs more for a hospital to admit a patient...

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Innovation Is Not an "Extender"

(0) Comments | Posted November 25, 2014 | 1:38 PM

The end-of-year legislative rush is on, with Congress juggling Keystone XL, funding the government, internet access taxes, authorizing defense activities, terrorism risk insurance, and tax extenders - the roughly 50 tax provisions that expire and are extended annually for one year at a time. Among the extenders is the Research...

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Modernizing Medicare

(2) Comments | Posted November 6, 2014 | 11:24 AM

Modernizing Medicare is the most important domestic policy challenge facing the United States. Medicare is at the heart of the spending explosion built into the federal budget over the next decade, rising from $603 billion in 2014 to $1.04 trillion in 2024 -- a rise of 72 percent, or an...

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The U.S. Labor Market: Recovery?

(1) Comments | Posted October 16, 2014 | 9:03 AM

In the aftermath of the latest jobs report from the Labor Department, there is a disturbing tendency to declare the recovery a success. After all, the economy created 248,000 jobs in September and the unemployment rate fell to 5.9 percent. Fabulous. On top of that, the weak August number of...

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Common Core: A Solid Policy Behind an Unpopular Name

(3) Comments | Posted October 1, 2014 | 11:02 AM

Policy wonks like substance, much as the production division likes shiny new products and technical innovation. But substance doesn't sell itself, and successful global brands have extensive marketing efforts designed to maintain a positive image.

Despite best efforts, however, brands sometimes run into problems - think Malaysian Airlines -...

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The Border Crisis Requires Presidential Leadership

(3) Comments | Posted July 25, 2014 | 11:51 AM

Co-authored by Laura Collins, Director of Immigration Policy at the American Action Forum

The border crisis presents the president with a clear choice between election-year politics and solving real problems. The heartbreaking scenes at the border have been the focus of national attention for the past two...

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In Search of Crony Capitalism

(0) Comments | Posted July 7, 2014 | 9:09 AM

Government programs reshape the economy. Taxes are a cost, and people and firms reflexively adjust to reduce the price shock. Tax retail purchases, but exempt those purchased online, and the mix of sales will shift to the Internet. Tax work and work will suffer as women and...

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Pessimism Economics

(0) Comments | Posted May 27, 2014 | 5:05 PM

There are rumors that national union leaders will soon launch a campaign regarding "prosperity economics." I found the title a bit confusing because I'm unaware of a branch of economics devoted to either "destitution" or "anti-prosperity." Still, I look forward to finding out what the "prosperity" caucus has in mind.

...
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The Top 10 Reasons the Economic Recovery Is as Dull as a Dead Parrot

(155) Comments | Posted April 28, 2014 | 4:01 PM

It is. Without further ado:

  1. An economy with nobody working is boring. The share of the population that is working simply has not recovered.
  2. 2014-04-28-chart1.png

  3. An economy with nobody looking for work is boring. People have swarmed the labor force exits.
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Reflections on Too Big to Fail

(2) Comments | Posted March 26, 2014 | 6:03 PM

The scars of the financial crisis and Great Recession remain fresh in the public's and policymakers' psyches, and it is natural to search for the villain responsible for such distress. For many, the search is apparently over. In their eyes, a small group of "too big to fail" (TBTF) banks...

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America's Young Need Trade Agreements

(3) Comments | Posted March 12, 2014 | 4:52 PM

Imagine that, in 1800, the 17 states comprising the United States decided that the new territories expanding on their western borders represented an existential economic threat. Those territories were providing competing employment opportunities, threatening established markets, and luring away the entrepreneurial. Why should the established 17 states permit cheaper products...

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