
Chris Cioffi
Congress Reporter at Bloomberg Tax
Reporter @tax covering Congress • Adjunct data/websites @merrillcollege • Was @RollCall @Newsobserver • 💔 NC sports.
Articles
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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.
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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.
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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.
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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.
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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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RT @MaeveSheehey: OB3!

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

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