Tax Policy & Economic Growth with Ryan Ellis | Let People Prosper Show Ep. 139🎙️

How Tax Reform, Tariffs, and Fiscal Responsibility Shape the Economy

Hello Friends!

How can federal and state tax reform influence your budget and business? In this episode of the Let People Prosper Show, I talk with Ryan Ellis, a tax policy expert and founder of the Center for a Free Economy. Ryan shares his insights on the complexities of tax reform, the impact of tariffs on economic growth, and why the real problem isn’t under-taxation but overspending.

From the challenges of freelance taxes to corporate tax rates and the importance of deregulation, our conversation dives deep into what policymakers need to get right about fiscal policy. Whether you’re a business owner, policymaker, or just someone wanting a clearer picture of tax policy, this episode is for you!

🔔 Make sure to share and subscribe to the newsletter for more insights on tax policy, economic freedom, and fiscal responsibility!

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Key Highlights

📌 Tax Policy & Economic Growth

• The Tax Cuts and Jobs Act (TCJA) needs to be made permanent to prevent tax uncertainty.

• Corporate tax rates may be lower, but small businesses face unique challenges.

• The double standard in how tax cuts vs. government spending are treated distorts fiscal debates.

📌 The Impact of Tariffs on the Economy

• Tariffs create market uncertainty and disrupt supply chains.

• The U.S. should establish a clear exit strategy for tariffs to avoid long-term economic drag.

• Deregulation and lower taxes are better strategies for economic competitiveness.

📌 The Real Fiscal Problem: Overspending

• The U.S. doesn’t have an under-taxing problem—it has an overspending crisis.

• Social Security and Medicare remain untouched, yet spending continues to grow.

• Congress needs to adopt a more responsible baseline when discussing tax policies.

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Timestamps

⏳ 00:00 – Introduction to Tax Policy and Economic Growth
⏳ 02:49 – Freelance Taxes & Business Structure
⏳ 05:55 – The Current State of Tax Policy
⏳ 09:11 – Corporate Tax Rates & Small Business Challenges
⏳ 12:02 – The Impact of Tariffs on Market Stability
⏳ 14:54 – The Double Standard in Tax & Spending Debates
⏳ 20:28 – The Fiscal Challenge: Overspending vs. Under-Taxation
⏳ 23:31 – Why TCJA Must Be Made Permanent
⏳ 27:57 – Tax Reform, Deregulation, and Economic Growth
⏳ 32:51 – The Future of Conservatism & Fiscal Responsibility

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Closing Thoughts

Tax policy profoundly shapes the economy, and Ryan Ellis clarifies that fiscal responsibility should be our focus—not more taxation and government expansion. From making TCJA permanent to reducing tariffs and tackling spending, pro-growth reforms are key to prosperity.

📢 Want to learn more? Follow Ryan Ellis on X and explore his work at the Center for a Free Economy.

👉 Subscribe to the Let People Prosper Show for more in-depth conversations on economic policy, and don’t forget to share this episode with friends and colleagues! 🎙️

You can also visit my website at vanceginn.com and follow me on X for more timely insights.