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Chris Cioffi

@reportercioffi.bsky.social
2.3K followers 493 following 424 posts

I’m a Congressional reporter for Bloomberg Tax

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Chris Cioffi @reportercioffi.bsky.social · 01/10/2026
NEW: Sen. Cynthia Lummis (R-Wyo.) says she'd be surprised if crypto tax comes up in the lame-duck. Tax writers are reluctant to reopen the code, “because then the tax code becomes fair game for all kinds of ideas that differ from” the 2025 tax law news.bgov.com/bloomberg-go...
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Lummis Dim on Crypto Tax Bill Action in Post-Election Lame Duck
One of the Senate’s top crypto proponents is dim on the prospects of cryptocurrency taxation legislation getting through Congress in the lame-duck session.
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Chris Cioffi @reportercioffi.bsky.social · 01/10/2026
House members' use of taxpayer-funded advertising has skyrocketed. Spending on everything from TV, billboards, YouTube, mass mailings and other modes jumped from less than $30 million during the 116th Congress to $107 million in the 118th Congress. news.bgov.com/bloomberg-go...
news.bgov.com
Surge in Taxpayer-Funded Ads from Congress Blurs Campaign Lines
Franking privileges, and questions about them, are literally as old as the republic. But such spending has surged in recent Congresses, the lines between informing constituents and taxpayer-funded…
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Chris Cioffi @reportercioffi.bsky.social · 30/09/2026
NEW: Senate tax writers could soon approve and send a bipartisan package of tax administration fixes to the House as part of an effort to make interactions with the IRS a little less painful. news.bgov.com/bloomberg-go...
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Chris Cioffi @reportercioffi.bsky.social · 30/09/2026
President Donald Trump endorsed using outside auditors to assess the safety of artificial intelligence systems through an accord with Silicon Valley leaders that seeks to sidestep new government rules in addressing a groundswell of concern over AI risks. news.bgov.com/artificial-i...
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Chris Cioffi @reportercioffi.bsky.social · 20/09/2026
“This is the latest and arguably the most embarrassing entry into late-game blunder lore.” www.nytimes.com/athletic/761...
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Chris Cioffi @reportercioffi.bsky.social · 17/09/2026
NEW: Rep. Ron Estes is floating a new international tax package that's got a new "revenge tax" to fight digital services taxes. It's also got other changes sought by multinational companies in the aftermath of the 2025 GOP tax law. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Republican Floats Package to Deter DSTs, Boost Foreign Credits
A key Republican tax writer is floating a new package of international tax proposals that includes a tool to blunt digital services taxes — a longstanding target of criticism by the Trump…
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Chris Cioffi @reportercioffi.bsky.social · 14/09/2026
NEW: Sen. Elizabeth Warren (D-Mass.) demanded a more stringent ethics pledge from IRS chief counsel nominee Jim Gadwood, who disclosed ties to a company linked to President Donald Trump. news.bgov.com/bloomberg-go...
news.bgov.com
Warren Demands Stronger Ethics Pact From Top IRS Lawyer Pick
Sen. Elizabeth Warren (D-Mass.) demanded a more stringent ethics pledge from IRS chief counsel nominee Jim Gadwood, who disclosed ties to a company linked to President Donald Trump.
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Chris Cioffi @reportercioffi.bsky.social · 11/09/2026
NEW: Tax Court Judge nominee Andrew De Mello dodged Senate Finance Committee staff’s questions on his role in the controversial Trump-IRS settlement and probes during behind-the-scenes vetting, according to a letter obtained Friday by Bloomberg Tax.
news.bgov.com
Wyden: Tax Court Pick Dodged Trump Audit, ICE Data Deal Queries
Tax Court Judge nominee Andrew De Mello dodged Senate Finance Committee staff’s questions on his role in the controversial Trump-IRS settlement and probes during behind-the-scenes vetting, according…
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Chris Cioffi @reportercioffi.bsky.social · 11/09/2026
NEW - The House Ways and Means Committee is eyeing a Wednesday markup on legislation that includes crypto tax and health care. news.bgov.com/bloomberg-go...
news.bgov.com
House Tax Panel Plans Crypto, Health Bills in Pre-Election Push
The House Ways and Means Committee is eyeing a Wednesday markup on legislation that includes tax and health care, according to multiple people familiar with the panel’s plans.
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Chris Cioffi @reportercioffi.bsky.social · 08/09/2026
House lawmakers are already jockeying to join the powerful Ways and Means Committee next Congress after a wave of retirements and primary losses left the panel with a number of openings. news.bgov.com/bloomberg-go...
news.bgov.com
Ways and Means Hopefuls Lay Groundwork Bids for Next Congress
House lawmakers are already jockeying to join the powerful Ways and Means Committee next Congress after a wave of retirements and primary losses left the panel with a number of openings.
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Chris Cioffi @reportercioffi.bsky.social · 21/08/2026
NEW: The top House Democrat tax writer called out IRS CEO Frank Bisignano for contradicting March House Ways and Means Committee testimony as the agency moves to cancel telework, force relocations, and delay leave requests for its workforce. news.bgov.com/bloomberg-go...
news.bgov.com
Top Democrat Tax Writer Questions IRS Chief on Workforce Changes
A top House Democrat tax writer called out IRS CEO Frank Bisignano for contradicting March House Ways and Means Committee testimony as the agency moves to cancel telework, force relocations, and…
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Chris Cioffi @reportercioffi.bsky.social · 21/08/2026
The campaign of Sen. John Fetterman (D-Pa.) paid the IRS almost $50,000 last year in tax interest, according to a document the campaign’s lawyers mistakenly filed in court.
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Chris Cioffi @reportercioffi.bsky.social · 03/08/2026
NEW: Senate appropriators blocked further clawbacks of IRS modernization funding as part of a stopgap funding bill released Sunday. The FY26 package rescinded $11.7 billion set aside for IRS operations support in the IRA, but it was struck from the CR. buff.ly/SAJIaWO
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BGOV Newsletters & Analysis
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Chris Cioffi @reportercioffi.bsky.social · 03/08/2026
Blanche-Trump Audit deal: Cornyn spox: DOJ will issue an order permanently ending the anti-weaponization fund, & a binding document setting the scope of the audit settlement "limited to only the plaintiffs, including the President, and the IRS” news.bloomberglaw.com/us-law-week/...
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Chris Cioffi @reportercioffi.bsky.social · 30/07/2026
Jimothy is a free agent and belongs to both everyone and no one, making it difficult for anyone to claim exclusive rights, according to IP attorneys. news.bloomberglaw.com/litigation/j...
news.bloomberglaw.com
Jimothy the Raccoon’s Popularity Undermines the Right to Own Him
It’s unlikely that anyone can claim intellectual property rights to the name or image of Jimothy, the short-spined Seattle raccoon who has become an internet sensation.
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Chris Cioffi @reportercioffi.bsky.social · 30/07/2026
NEW: Senate Finance Committee advances bipartisan tax admin package - a big step for the package that’s been years in the making
news.bloombergtax.com
Senate Finance Committee Advances Bipartisan Tax Admin Package
The Senate Finance Committee moved forward with a bipartisan tax package markup Thursday in a 26-1 vote, overcoming a Democratic amendment to curb President Donald Trump’s audit immunity deal.
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Chris Cioffi @reportercioffi.bsky.social · 23/07/2026
NEW: Senate Finance voted along party lines to advance Francis Brooke, President Donald Trump‘s pick for deputy secretary, alongside undersecretary pick Erin Browne, and assistant secretary picks George McMaster and Sriprakash Kothari. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Senate Finance Advances Trump Treasury Picks Over Dem Objections
Republicans on the Senate Finance Committee overcame Democrats’ objections to advance four nominees to serve at the Treasury Department.
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Chris Cioffi @reportercioffi.bsky.social · 22/07/2026
NEW: Senate Democrats led by Ron Wyden and Chuck Schumer demanded a government watchdog probe in the aftermath of Ken Kies' departure into whether Trump administration officials violated federal laws prohibiting political influence over federal tax audits. buff.ly/hocTZqZ
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Senate Democrats Call on Watchdog to Investigate Kies Departure
Thirteen Senate Democrats demanded a government watchdog probe into whether Trump administration officials violated federal laws prohibiting political influence over federal tax audits.
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Chris Cioffi @reportercioffi.bsky.social · 21/07/2026
NEW Kevin Salinger will be assistant secretary for tax policy effective immediately following the departure of Kenneth Kies. The announcement came in a Treasury email seen by Bloomberg Tax. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Treasury Replaces Top Tax Policy Official After Kies’ Departure
Kevin Salinger will be assistant secretary for tax policy effective immediately following the departure of Kenneth Kies.
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Chris Cioffi @reportercioffi.bsky.social · 20/07/2026
Democrats Push to Restore $83 Billion in Clawed-Back IRS Funds buff.ly/nYV5tfh
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Democrats Push to Restore $83 Billion in Clawed-Back IRS Funds
Dozens of House Democrats are supporting a new effort to replenish billions in pared-back IRS modernization funding, which they say is necessary to enforce tax law and help taxpayers.
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Chris Cioffi @reportercioffi.bsky.social · 17/07/2026
DC region under code red air quality alert due to heat and smoky skies
wtop.com
DC region under code red air quality alert due to heat and smoky skies - WTOP News
It will be another hot and smoky day in the D.C. region thanks to the Canadian wildfires affecting the air quality.
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Chris Cioffi @reportercioffi.bsky.social · 16/07/2026
NEW: Ken Kies’ abrupt Treasury Department exit was a surprise to Treasury Department staff, according to a person familiar. Kies' departure, along with other officials in the last few months, is causing concern among some lawmakers. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Treasury Departures Raise Agency Stability Worries for Senators
The Senate Finance Committee is set to consider assistant, under, and deputy secretary nominees Thursday to staff the Treasury Department in the same week it was announced another top official is…
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Chris Cioffi @reportercioffi.bsky.social · 15/07/2026
There’s no Ways and Means instructions in the proposed 3.0 resolution which means tax won’t be included. Ways and Means Chair Jason Smith had been pushing for tax in a third reconciliation bill.
docs.house.gov
The Concurrent Resolution on the Budget for Fiscal Year 2027 | Committee Repository | U.S. House of Representatives
Committee on the Budget
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Reposted by Chris Cioffi
Bloomberg Law @bloomberglaw.com · 11/07/2026
President Donald Trump said he would ask the Supreme Court to rehear a case over birthright citizenship, a long-shot bid to undo a ruling that went against his administration.
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Trump to Seek Supreme Court Rehearing on Birthright Citizenship
President Donald Trump said he would ask the Supreme Court to rehear a case over birthright citizenship, a long-shot bid to undo a ruling that went against his administration.
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Chris Cioffi @reportercioffi.bsky.social · 01/07/2026
The House Ways and Means Committee advanced several pieces of tax legislation Wednesday — the most contentious of which imposes new reporting requirements on nonprofit hospitals. The move is sure to trigger pushback from hospitals and health systems. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Tax Preparer, Tax-Exempt Hospital Bills Move Ahead at House Panel
The House Ways and Means Committee advanced several pieces of tax legislation Wednesday — the most contentious of which imposes new reporting requirements on nonprofit hospitals. The move is sure to…
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Chris Cioffi @reportercioffi.bsky.social · 24/06/2026
NEW: The IRS answered 20% fewer calls and the pile of returns and correspondence almost doubled during the 2026 tax season, according to the taxpayer advocate's midyear report. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Calls Answered Worsen During Tax Season, Advocate Says (1)
Phone calls and the backlog of returns remain weak spots for the IRS: 20% fewer calls were answered and the pile of returns and correspondence almost doubled during the 2026 tax season, the taxpayer…
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Chris Cioffi @reportercioffi.bsky.social · 17/06/2026
Elon's net worth is up $42.5 billion in the last day and $696.4 billion YTD, post-SpaceX IPO, per Bloomberg Billionaires Index on The Terminal.
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Chris Cioffi @reportercioffi.bsky.social · 10/06/2026
NEW: IRS CEO Frank Bisignano could face questions from lawmakers on whether taxpayers who first got letters instead of automatic refund checks have been made whole during testimony in front of a House panel. buff.ly/jtXVq5G
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Democrats Push IRS for Details on Taxpayers Waiting for Refunds
IRS CEO Frank Bisignano could face questions from lawmakers on whether taxpayers who first got letters instead of automatic refund checks have been made whole during testimony in front of a House…
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Chris Cioffi @reportercioffi.bsky.social · 10/06/2026
NEW:Top Democrat on the House tax writing panel Richard Neal says he’s in no rush to enact bipartisan cryptocurrency tax legislation, even as Republicans move to forge bipartisan buy-in. “I don’t see us doing a bipartisan bill before the election,” he said
news.bloombergtax.com
Top Democratic Tax Writer Skeptical of Pre-Midterm Crypto Action
The top Democrat on the House tax writing panel says he’s in no rush to enact bipartisan cryptocurrency tax legislation, even as Republicans move quickly to forge bipartisan buy-in on the issue ahead…
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Chris Cioffi @reportercioffi.bsky.social · 05/06/2026
NEW Taxpayers can report aggregate digital asset gains and losses under fresh legislation floated by the House Ways and Means Committee. It's expected to drop 7 bills ahead of a crypto tax hearing next week. Topics include mining/staking/donations. news.bloombergtax.com/daily-tax-re...
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Crypto Tax Draft Allows Staking Delay, Transaction Aggregation
Taxpayers can report aggregate digital asset gains and losses and delay counting newly created tokens as income until they’re sold under fresh legislation floated by the House Ways and Means…
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Chris Cioffi @reportercioffi.bsky.social · 04/06/2026
Cryptic Crypto: Bessent said "Let's get CLARITY done by the 4th of July and then we move on," to crypto tax. Rep. Max Miller said he'd love that but needed help "with some of those individuals" to move the CLARITY Act "I've been on the phone with them this week," Bessent said
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Chris Cioffi @reportercioffi.bsky.social · 04/06/2026
NEW: Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution from Reps. Ron Estes and Suzan DelBene buff.ly/MEAP1TM
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House Tax Writers Say Digital Services Taxes Risk US Retaliation
Countries should abandon digital services taxes and pursue a multilateral approach to the digital economy or risk US-led trade or tax retaliation, according to a bipartisan House resolution…
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Chris Cioffi @reportercioffi.bsky.social · 04/06/2026
Bessent on 'anti-weaponization' fund and Trump audit immunity: “President Trump is a great American who has endured over 10 years of harassment and weaponization from all levels of government...No American should be targeted for political reasons.” buff.ly/G1kBZkI
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Bessent Pressured on Trump Settlement From House Lawmakers (1)
Treasury Secretary Scott Bessent faced more questions Thursday from House Ways and Means lawmakers on President Donald Trump’s settlement with his own government that included a controversial $1.8…
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Chris Cioffi @reportercioffi.bsky.social · 03/06/2026
Treasury Secretary Scott Bessent dodged most questions related to the $1.8 billion “anti-weaponization” fund and immunity from audits for President Donald Trump. But said he didn’t have knowledge in advance that Trump would file a lawsuit against the IRS. buff.ly/FoMjaBl
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Bessent Dodges ‘Anti-Weaponization’ Fund Questions in Senate
Treasury Secretary Scott Bessent faced questions from Democrats on a controversial settlement related to a $1.8 billion “anti-weaponization” fund and immunity from audits for President Donald Trump…
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Chris Cioffi @reportercioffi.bsky.social · 03/06/2026
“I need it dead, dead,“ said Sen. John Curtis. ICYMI - Some Senate Republicans are criticizing an agreement giving President Trump audit immunity, something that's gotten renewed attention after the White House abandoned an “anti-weaponization” fund. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Senate GOP Skeptical of Trump Audit Immunity in IRS Settlement
Some Senate Republicans are criticizing an agreement giving President Donald Trump immunity from audits, something that has gotten renewed attention after the White House decided to abandon a…
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Chris Cioffi @reportercioffi.bsky.social · 02/06/2026
NEW: US officials are continuing with an agreement that bars the government from probing past tax filings from President Donald Trump and his businesses. buff.ly/nZaGfS8
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Trump to Get Audit Immunity Even as $1.8 Billion Fund in Doubt
US officials are continuing with an agreement that bars the government from probing past tax filings from President Donald Trump and his businesses, according to a person familiar with the matter,…
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Chris Cioffi @reportercioffi.bsky.social · 02/06/2026
NEW: Chuck Grassley and Steve Daines sent a letter to the Treasury calling for the agency to crack down on tax cheats abusing the conservation easement deduction. buff.ly/UKFNs6K
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GOP Urges Treasury to Police Conservation Easement Abuses
A pair of Republican Senate tax writers emphasized the importance of a 250% cap on conservation easement settlement values as the Treasury Department seeks to settle a backlog of cases on the tax…
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Chris Cioffi @reportercioffi.bsky.social · 01/06/2026
NEW: The Trump administration intends to scrap a controversial $1.8 billion legal fund for victims of alleged government “weaponization”... A person familiar didn't give details on whether it would affect a settlement between Trump and the IRS buff.ly/7uERO3P
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Trump to Drop Plans for $1.8 Billion Anti-Weaponization Fund
The Trump administration intends to scrap a controversial $1.8 billion legal fund for victims of alleged government “weaponization,” according to a person familiar with the matter.
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Chris Cioffi @reportercioffi.bsky.social · 26/05/2026
Democrats have reintroduced bills to rein in legal tax avoidance strategies used by wealthy Americans, including tax breaks for certain trusts. The tax-planning industry is pushing back, with some arguing that existing regulations are sufficient. buff.ly/vs3uJ1U
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Tax Industry Gears Up to Fight Democrats’ Avoidance Crackdown
The tax-planning industry is lining up to fight Democrats’ renewed interest in cracking down on strategies that wealthy Americans use to reduce their tax bills.
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Chris Cioffi @reportercioffi.bsky.social · 21/05/2026
When Republicans cleared the 2025 tax law, they praised it as “The Big Beautiful Bill Act.” But as midterms approach, they’ve pivoted: Republicans say referring to it as the “working families tax cuts” is helpful to remind voters of certain provisions. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Republicans Say Changing Tax Law Name Hones Campaign Message
When Republicans in Congress cleared the 2025 tax-and-spending law, they praised it as “The Big Beautiful Bill Act.” But as the midterms approach, they’ve pivoted to new branding.
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Chris Cioffi @reportercioffi.bsky.social · 20/05/2026
New - Rep. Mike Thompson called for a markup on his bill that would tax any distribution received from the Trump $1.8 billion fund at 100% during remarks at the committee hearing on benefits of the 2025 tax-and-spending law.
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Chris Cioffi @reportercioffi.bsky.social · 20/05/2026
“Reconciliation is being pushed beyond, I think, whatever anybody thought in the budget process that reconciliation could be used for,” Sen. Ron Johnson (R-Wis.) said on how the process has changed over time. buff.ly/3YZShCJ
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Senate Democrats Plan ‘Costs and Corruption’ Vote-a-Rama Focus
Senate Democrats are looking to highlight rising costs as they prepare for another vote-a-rama on a budget measure this week, which will mark the most marathon voting sessions in a single Congress in…
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Chris Cioffi @reportercioffi.bsky.social · 19/05/2026
SCOOP: Bipartisan duo unveils their crypto tax bill after months of iterating drafts of the legislation. Steven Horsford and Max Miller unveiled the bill that makes some changes from earlier versions. Including calling on Treasury to study de minimis threshold instead of setting one.
news.bloombergtax.com
Digital Asset Tax Writers Finalize Bill as Crypto Picks Up Steam
A pair of House tax writers unveiled cryptocurrency taxation legislation Tuesday as Congress continues to focus its attention on regulating various aspects of digital assets.
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Chris Cioffi @reportercioffi.bsky.social · 18/05/2026
NEW: Democrats asked a court to block the settlement between IRS and President Donald Trump over a leak of his tax information during his first term, saying it lacks the bare minimum required to file a lawsuit: two opposing parties. buff.ly/vRfRlif
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Trump Can’t Be on Both Sides of IRS Settlement, Democrats Say
Democrats asked a court to block a reported settlement between the IRS and President Donald Trump over a leak of his tax information during his first term, saying it lacks the bare minimum required…
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Chris Cioffi @reportercioffi.bsky.social · 14/05/2026
New: A House cryptocurrency taxation roundtable is generating momentum towards forging bipartisan legislation by year’s end, tax writers in attendance said Thursday. www.bloomberglaw.com/bloomberglaw...
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Chris Cioffi @reportercioffi.bsky.social · 14/05/2026
Crypto: Ways and Means is talking crypto and tax behind closed doors today as a Senate panel considers landmark cryptocurrency legislation, which could give momentum to the push from lawmakers seeking consensus on a tax framework. news.bloombergtax.com/daily-tax-re...
news.bloombergtax.com
Crypto Bill Markup at Banking Panel Hints at Potential Tax Moves
Senate panel consideration of landmark cryptocurrency legislation could give momentum to a push from lawmakers seeking consensus on a tax framework.
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Chris Cioffi @reportercioffi.bsky.social · 13/05/2026
NEW: The IRS is offering a new settlement to taxpayers who took illegitimate conservation easement deductions. The settlement offer is the latest attempt to combat syndicated conservation easements cases, which have led to a Tax Court backlog. buff.ly/FNQd0hr
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Bloomberg Tax
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Chris Cioffi @reportercioffi.bsky.social · 12/05/2026
New: Mike Johnson just walked into the weekly GOP Senate luncheon as Secret Service Director Sean Curran walked out.
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Chris Cioffi @reportercioffi.bsky.social · 12/05/2026
President Donald Trump urged New York Mayor Zohran Mamdani to do more to satisfy Citadel Founder Ken Griffin, saying that it’s “not recoverable” for the city to lose business figures like him. news.bloombergtax.com/daily-tax-re...
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Trump Praises Griffin, Warns Mamdani Not to ‘Tax People Out’ (1)
President Donald Trump urged New York Mayor Zohran Mamdani to do more to satisfy Ken Griffin, saying that it’s “not recoverable” for the city to lose business figures like him.
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Chris Cioffi @reportercioffi.bsky.social · 12/05/2026
Sen. Tommy Tuberville stands next to a floor chart that reads "Assimilate or go home," during a Senate floor speech. | C-SPAN.org | C-SPAN.org www.c-span.org/congress/?ch...
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