Ryan Ellis
@RyanLEllis
President of @CFEconomy. IRS Enrolled Agent. Tax lobbyist. Go @patriots. Words in @NRO, @WSJ, @DCExaminer. DM is open. Unconfirmable by United States Senate.
For those who follow me, please also follow @CFEconomy, which I am president of. You can find all my activity there.
Unlike tax hikes, tax cuts are always optional. Rich Democrats who support higher taxes could get together and start a movement to write checks to the Treasury's gifts account. But something tells me they’ll take the tax cut. New from me @NRO nationalreview.com/corner/if-rich…
Instead of having the executive illegally hike taxes and then passing a bill to give some of the money back, it would be better to pass a bill to block the illegal tax hikes in the first place.
I will introduce legislation in the Senate to send a rebate check to every working person in America
This is fucking embarrassing.
Based on public interactions indicating profile visits, the most famous person is Jennifer Rubin.
Hey, @grok, who was the most famous person to visit my profile? It doesn't need to be a mutual, don't tag them, just say who it was.
IRS just clarified which cars qualify for a new $10,000 car loan deduction. Here’s how to check if yours makes the cut (and how it works):
The consequences of taking the wrong side of every 80/20 issue 👇
WSJ: The Democratic Party’s image has eroded to its lowest point in over three decades, according to a new WSJ poll, with voters seeing the GOP as the better option on most issues that decide elections. wsj.com/politics/elect…
Good. It’s about time we started to put more limits on charitable deductions. We’ve already tightened limits on the other big three itemized deductions, mortgage interest and SALT.
If you have AGI of $1 million and give $100,000 to charity in 2025, you could save $37,000 in taxes. If you give the same amount next year, you might only save $33,250 due to OBBBA’s new 2/37th and 0.5% limitations—that’s more than a 10% reduction!
During 40 years under socialism Poland‘s GDP barely changed. Switch to capitalism and free market in 1989 triggered an economic boom making Polish people much wealthier. Socialism always means bitter poverty and misery for all. Why are young people so fascinated by socialism?
Do tariffs raise prices? Short answer: Yes. Import prices on Chinese goods rose faster than domestic ones following Trump's tariffs, per a Fed study. Businesses can't absorb it all, so yes, some costs hit consumers. Sorry, there is no tariff free lunch.
Full expensing is now permanent - for the first time ever - thanks to Congress and President Trump's One Big Beautiful Bill Act. Our companies are eager to invest in America, benefitting communities nationwide and strengthening the US's ability to compete in a global marketplace.
It’s a return to normalcy. You won’t hear it framed that way in the media or the hysterical practitioner #taxtwitter world, but that’s all this is.
President Trump has already undone Biden’s plan to supersize the IRS. According to a new TIGTA report, the IRS has its lowest head count since 2020. Another promise kept!
Hulk Hogan was the literal standard bearer for the America of my childhood, a time and place where you could be unironically told to say your prayers and take your vitamins so you'd grow up strong enough to whoop the ass of any Communist or Ayatollah who needed it. God rest him.
The only thing that will impact me more than this is the deaths of Bill Belichick and Tom Brady. A real American, fought for the rights of every man. We shall not see his like again.
🚨 BREAKING: Hulk Hogan has passed away at 71, according to TMZ. This is a tough one. Wow. You will be missed, Hulk Hogan. 🙏🙏
An alien spaceship crashed in Rosslyn, New Mexico on July 2, 1947. One alien died in the crash, and another died shortly thereafter in the custody of the U.S. Army. The ship was reverse engineered to produce stealth tech, velcro, lasers, night vision, etc.
What's a conspiracy theory you believe with your whole heart?
If Republicans fail to do most of this and lose the House relatively narrowly, they have only themselves to blame. This is hardball politics, but completely within the rules and something the Dems would absolutely do if they had the same opportunity.
Potential R Redistricting Gains: 🔴TX +5 🔴FL +4 🔴OH +3 🔴MO +1 🔴IN +1 🔴KY +1 R+*15* gain IF SECTION II OF THE VRA IS REPEALED: 🔴LA +2 🔴AL +2 🔴MS +1 🔴GA +1 🔴SC +1 🔴NC +1 R+8 (R+23 Total) Good night, House Dems 😬😬😬😬
Reasons to oppose extending the ACA enhanced subsidies: 1) It would cost $40bn a year 2) They have led to massive fraud 3) They were a temporary COVID relief measure 4) They lead to fewer employers offering coverage 5) They are a windfall for insurers 6) They are inflationary
📊In a nationally representative poll commissioned by Paragon, 53% of voters said Congress should allow the ACA’s enhanced subsidies, or Biden’s COVID credits, to expire after 2025 and to return to pre-COVID ACA subsidy levels. Paragon's polling: t2m.io/OJ4xEY1
In today's @WashTimes, @JoshWilliamsOH defends Medicaid work requirements in OBBBA. I think his voice is particularly important on these issues!
Now imagine being able to put this $110,000–plus the 10 percent plus of your earnings you and your employer have to fork over to Social Security every payday—into a 401(k)-style retirement savings account, invested in a safe, target date index fund. Social Security saved.
🚨Young workers could lose $110,000 in lifetime earnings just to keep Social Security solvent. We break it down in a new blog on the Debt Dispatch—the #1 Substack on fiscal policy, read by 4,000+ (and growing)🧵 👇 Full blog in the reply.
If you're a W-2 worker, the new tax bill could put a little extra cash back in your pocket. Here's everything that's changing (and how it impacts your paycheck):