Chris Cioffi

In this discussion, Chris Cioffi, a Bloomberg Tax reporter renowned for his insights on Capitol Hill, reveals the quirkiest tax breaks in the recent $3.4 trillion law, including perks for whale captains and spaceport builders. He dives into the implications of reduced gambling loss deductions and the fierce debates over potential fixes. Cioffi also outlines the challenges of achieving bipartisanship in future tax legislation, spotlighting the urgency for lawmakers as elections approach and the complex dynamics at play.