Chris Cioffi

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

[Erik Wasson @elwasson]

GOP Ends Blockade After Trump Concedes on Ballroom, Payout Fund https://t.co/Gp4C4ByDiJ

[Senate Press Gallery @SenatePress]

The #Senate adopted the motion to proceed to S.2, the reconciliation bill on a party line vote of 53-46.

Not voting: Bennet.

There are now up to twenty (20) hours of debate; equally divided.

[Chris Cioffi @ReporterCioffi]

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 advanced knowledge that Trump would file a lawsuit against the IRS.

https://t.co/WSZkwqyIYV

[Chris Cioffi @ReporterCioffi]

“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.

https://t.co/Wz3yUwPimP

[Chris Cioffi @ReporterCioffi]

NEW: US officials are continuing with an agreement that bars the government from probing past tax filings from President Donald Trump and his businesses.
https://t.co/4z40qPJxEC

[Chris Cioffi @ReporterCioffi]

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.

https://t.co/HFqZ95he13

[Chuck Schumer @SenSchumer]

If Trump and Republicans are truly abandoning this corrupt scheme, they should have zero problem banning it in law.

This week, Senate Democrats will push legislation to ban this slush fund and ensure no president can ever do this again. Trump’s word is nowhere near enough.

[Chris Cioffi @ReporterCioffi]

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 https://t.co/Qo4vSQYyIa

[Chris Cioffi @ReporterCioffi]

The super PAC Fairshake and its party-tied affiliates are working to boost nearly a dozen candidates in Tuesday’s primaries. Fairshake has spent in 22 primaries so far, and 20 of its endorsed candidates won. https://t.co/ywuKwI1Hqc

[Chris Cioffi @ReporterCioffi]

The nation’s top pharmacy benefit manager lobbying group, the Pharmaceutical Care Management Association, is launching its biggest ever seven-figure advertising campaign Monday focused on affordability.
Scoop from @victoriaregisk

https://t.co/efBEcAjE2o

[Macon Atkinson @maconatkinson]

From me, @ReporterCioffi: Capitol Hill tax staff haven’t ruled out an end-of-year bipartisan tax package, even as Republicans race against the clock to finish reconciliation 2.0
https://t.co/4c3Pcf0ws1

[Chris Cioffi @ReporterCioffi]

JCT says a few technical corrections may be necessary in OB3.

Provisions include: SALT, Senior deduction, home energy deduction and for certain individuals who dye fuel.

[JCT Congress @jctgov]

JCT publishes Bluebook for Public Law 119-21. (No hard copies available.)

https://t.co/Dqn7i4Gm28

[Chris Cioffi @ReporterCioffi]

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.
https://t.co/9t9GX5QTNP

[Chris Cioffi @ReporterCioffi]

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.
https://t.co/Eu1IXLMjfh

[Bloomberg Government @BGOV]

House Republicans advanced a $7.3 billion bill funding Congress’ day-to-day operations that includes cuts to the legislative branch’s nonpartisan watchdog as appropriators race to mark up all their bills by the end of July. https://t.co/HYMpzZ3dHC

[Chris Cioffi @ReporterCioffi]

Pronunciation on the 2025 GOP tax law (OBBBA) alert - "owe-ba"

[Chris Cioffi @ReporterCioffi]

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.

[Chris Cioffi @ReporterCioffi]

They're calling 2.0 the "Secure America Act."

Will Democrats allow it to remain or will they strip it to be known as - AN ACT To provide for reconciliation pursuant to title II of S. Con. Res. 33?

[Zach C. Cohen @Zachary_Cohen]

Today's BGOV Budget:

• Senators prepare for vote-a-rama on ICE, CBP funding bill
• Key Senate Dem aims to defund weaponization settlement
• Coalition urges Trump guardrails on FY27 appropriations
• Senators seek $1B for security of houses of worship

https://t.co/k0Xm7V0khe

[Chris Cioffi @ReporterCioffi]

“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.

https://t.co/EL8rxVmlGq

[Chris Cioffi @ReporterCioffi]

SCOOP: Bipartisan duo unveils their crypto tax bill after months of iterating drafts of the legislation.

Steven Horsford and Max Miller’s bill includes changes like calling on Treasury to study de minimis threshold instead of setting one.

https://t.co/i3rPQ4Wkj8