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Chris Cioffi

Washington, D.C.

Congress Reporter at Bloomberg Tax

Reporter @tax covering Congress • Adjunct data/websites @merrillcollege • Was @RollCall @Newsobserver • 💔 NC sports.

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Articles

  • 4 days ago | news.bloombergtax.com | Naomi Jagoda |Chris Cioffi

    EITC Provision Could Swamp IRSAs Senate Republicans eye passing their tax-and-spending bill this week, tax researchers are sounding the alarm about a proposal that would increase documentation requirements for a tax credit for low-income households. A provision in both the House and Senate versions of the bill would direct the IRS to develop a system to verify that taxpayers’ children qualify for the earned income tax credit before it can be claimed.

  • 1 week ago | news.bloombergtax.com | Chris Cioffi

    The Republican-led Senate Finance Committee unveiled its portion of the mammoth tax-and-spending legislation that’s quickly moving through Congress, and there’s a lot to unpack. The Senate bill has dozens of differences from the House version.

  • 1 week ago | news.bloomberglaw.com | Chris Cioffi |Kim Dixon |Martha Mueller Neff

    The Republican-led Senate Finance Committee unveiled its portion of the mammoth tax-and-spending legislation that’s quickly moving through Congress, and there’s a lot to unpack. The Senate bill has dozens of differences from the House version.

  • 1 week ago | americanmilitarynews.com | Steven Dennis |Chris Cioffi

    Senate Republicans’ tax bill would eliminate federal taxes and regulations on short-barreled rifles, short-barreled shotguns and silencers as well as preempt state or local licensing requirements in a win for gun-rights advocates. The legislation unveiled by the Senate Finance Committee on Monday would expand on House legislation exempting silencers under the National Firearms Act of 1934, saving buyers from a $200 transfer tax as well as manufacturing taxes, registration and other requirements.

  • 1 week ago | news.bloombergtax.com | Chris Cioffi

    Senate Republicans are proposing to create a permanent, more generous charitable contribution deduction for taxpayers that take the standard deduction. The Senate tax bill released late Monday would allow a permanent write-off of $1,000 for single filers and $2,000 for joint filers who take the standard deduction and currently can’t claim a deduction for their charitable contributions. That’s far above House lawmakers’ proposed $150 and $300 levels that would expire at the end of 2028.

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Chris Cioffi
Chris Cioffi @ReporterCioffi
11 Jun 25

RT @MaeveSheehey: OB3!

Chris Cioffi
Chris Cioffi @ReporterCioffi
9 Jun 25

RT @DSenFloor: Leader Thune FILED CLOTURE on the nomination of William Long to be Commissioner of Internal Revenue.

Chris Cioffi
Chris Cioffi @ReporterCioffi
9 Jun 25

RT @jctgov: JCT has prepared its distributional analysis of H.R.1: https://t.co/htxyh7SEht