How the US Weaned Itself off Tariffs: A chat with Joe Thorndike
Episode 169 of the Tax Chats podcast, hosted by Dyreng and Hoopes, titled "How the US Weaned Itself off Tariffs: A chat with Joe Thorndike" was published on February 2, 2026 and runs 42 minutes.
February 2, 2026 ·42m · Tax Chats
Summary
Send a text Jeff and Scott chat with Joe Thorndike about how the United States moved from relying heavily on tariffs to building the modern income-tax-based system we know today. Joe is a tax historian and journalist, and writes for Tax Notes, where he writes widely on the history and politics of U.S. tax policy. They walk through the political and economic forces that made tariffs both attractive—and eventually untenable—as a main source of revenue. Along the way, they discuss the crea...
Episode Description
Jeff and Scott chat with Joe Thorndike about how the United States moved from relying heavily on tariffs to building the modern income-tax-based system we know today. Joe is a tax historian and journalist, and writes for Tax Notes, where he writes widely on the history and politics of U.S. tax policy. They walk through the political and economic forces that made tariffs both attractive—and eventually untenable—as a main source of revenue. Along the way, they discuss the creation of the federal income tax, the rise of new revenue needs, and what this history can teach us about today’s debates over trade and taxation.
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