Caitlin Reilly
@caitlinreilly.bsky.social
I cover Congress with focus on tax and fiscal policy for Bloomberg News.
Opinions are my own. Reposts are not endorsements.
Reach out at [email protected]
Opinions are my own. Reposts are not endorsements.
Reach out at [email protected]
Small business owners and workers, who make up nearly half Obamacare enrollment, will be hit hard when enhanced subsidies expire in Jan. I spoke to a few owners who are facing tough decisions about what do when their health care costs skyrocket next year. Free link: www.bloomberg.com/news/article...
US Health Care Premium Spikes to Squeeze Main Street Businesses
Gladys Harrison, owner of Big Mama’s Kitchen and Catering, was already struggling to cover rising food prices for ingredients at the Omaha restaurant that’s been in her family for two generations. The...
www.bloomberg.com
November 11, 2025 at 2:52 PM
Small business owners and workers, who make up nearly half Obamacare enrollment, will be hit hard when enhanced subsidies expire in Jan. I spoke to a few owners who are facing tough decisions about what do when their health care costs skyrocket next year. Free link: www.bloomberg.com/news/article...
Reposted by Caitlin Reilly
Last week the White House acted on its threats to eliminate the CDFI Fund, laying off its entire staff.
But CDFIs have strong bipartisan backing, and at least one GOP senator is fighting back. Read @emilyflitter.bsky.social and @caitlinreilly.bsky.social: www.bloomberg.com/news/article...
But CDFIs have strong bipartisan backing, and at least one GOP senator is fighting back. Read @emilyflitter.bsky.social and @caitlinreilly.bsky.social: www.bloomberg.com/news/article...
Republican to Pressure Trump to Reverse Some Treasury Job Cuts
A top Senate Republican will push President Donald Trump to reverse firings at the Treasury Department that targeted the staff overseeing a fund for financial services in economically disadvantaged co...
www.bloomberg.com
October 16, 2025 at 4:50 PM
Last week the White House acted on its threats to eliminate the CDFI Fund, laying off its entire staff.
But CDFIs have strong bipartisan backing, and at least one GOP senator is fighting back. Read @emilyflitter.bsky.social and @caitlinreilly.bsky.social: www.bloomberg.com/news/article...
But CDFIs have strong bipartisan backing, and at least one GOP senator is fighting back. Read @emilyflitter.bsky.social and @caitlinreilly.bsky.social: www.bloomberg.com/news/article...
I dug into @kff.org data on the expiring health care subsidies at the center of the shutdown fight and found their expiration would most affect residents in GOP states and districts, which could have implications for next year's midterm elections.
Free story here: www.bloomberg.com/news/article...
Free story here: www.bloomberg.com/news/article...
GOP Districts ‘Supercharged’ Obamacare Use Is Risk in Shutdown Fight
The health insurance subsidies at the center of the US government shutdown fight disproportionately benefit areas of the country represented by Republican lawmakers, posing a potential vulnerability f...
www.bloomberg.com
October 3, 2025 at 2:43 PM
I dug into @kff.org data on the expiring health care subsidies at the center of the shutdown fight and found their expiration would most affect residents in GOP states and districts, which could have implications for next year's midterm elections.
Free story here: www.bloomberg.com/news/article...
Free story here: www.bloomberg.com/news/article...
Reposted by Caitlin Reilly
Tune into this conversation with my Bloomberg News colleagues Nathan Hager, @caitlinreilly.bsky.social and @steventdennis.bsky.social and me as we dive into the impacts of the government shutdown.
Link below 👇
Link below 👇
Hours into the US government shutdown, what are we watching from Wall Street to Washington? Bloomberg journalists will answer your questions in a Live Q&A conversation today at 10 a.m. EDT.
⏰ Set a reminder and stream here: bloom.bg/4mOAYkX
⏰ Set a reminder and stream here: bloom.bg/4mOAYkX
October 1, 2025 at 11:39 AM
Tune into this conversation with my Bloomberg News colleagues Nathan Hager, @caitlinreilly.bsky.social and @steventdennis.bsky.social and me as we dive into the impacts of the government shutdown.
Link below 👇
Link below 👇
Reposted by Caitlin Reilly
A deeper look at how the Trump administration is targeting liberal groups, with @caitlinreilly.bsky.social and @simonefoxman.bsky.social: www.bloomberg.com/news/article...
Trump Readies Tax, Criminal Crackdowns on Liberal Groups After Kirk Killing
The Trump administration is making plans for how to go after left-wing groups it says are fomenting political violence following the killing of Charlie Kirk, while nonprofits prepare to defend themsel...
www.bloomberg.com
September 18, 2025 at 2:51 PM
A deeper look at how the Trump administration is targeting liberal groups, with @caitlinreilly.bsky.social and @simonefoxman.bsky.social: www.bloomberg.com/news/article...
News: Hours after we published, Treasury shared a statement saying upcoming formal guidance would exclude tips connected to "illegal activity, prostitution or pornography" from the tax break.
The department did not respond to an earlier request for comment.
I guess tax is not sexy after all.
The department did not respond to an earlier request for comment.
I guess tax is not sexy after all.
This is definitely the first time I’ve interviewed a dominatrix for a story. But OnlyFans creators and others in the digital content creation space could be big winners in the rollout of Trump’s no-tax-on-tips. Who says tax isn’t sexy?
Free link: www.bloomberg.com/news/article...
Free link: www.bloomberg.com/news/article...
Podcasters and OnlyFans Creators Stand to Win Big Under Trump’s Tax Law
Katherine Green, a dominatrix who creates online adult videos, wasn’t expecting a windfall from President Donald Trump’s signature push to make tips tax-free.
www.bloomberg.com
September 10, 2025 at 11:43 PM
News: Hours after we published, Treasury shared a statement saying upcoming formal guidance would exclude tips connected to "illegal activity, prostitution or pornography" from the tax break.
The department did not respond to an earlier request for comment.
I guess tax is not sexy after all.
The department did not respond to an earlier request for comment.
I guess tax is not sexy after all.
This is definitely the first time I’ve interviewed a dominatrix for a story. But OnlyFans creators and others in the digital content creation space could be big winners in the rollout of Trump’s no-tax-on-tips. Who says tax isn’t sexy?
Free link: www.bloomberg.com/news/article...
Free link: www.bloomberg.com/news/article...
Podcasters and OnlyFans Creators Stand to Win Big Under Trump’s Tax Law
Katherine Green, a dominatrix who creates online adult videos, wasn’t expecting a windfall from President Donald Trump’s signature push to make tips tax-free.
www.bloomberg.com
September 10, 2025 at 5:25 PM
This is definitely the first time I’ve interviewed a dominatrix for a story. But OnlyFans creators and others in the digital content creation space could be big winners in the rollout of Trump’s no-tax-on-tips. Who says tax isn’t sexy?
Free link: www.bloomberg.com/news/article...
Free link: www.bloomberg.com/news/article...
Reposted by Caitlin Reilly
Medicare cuts in play as Senate GOP hones budget bill.
(@jessiehellmann.bsky.social @sandhyawrites.bsky.social @caitlinreilly.bsky.social Roll Call)
rollcall.com/2025/06/05/m...
(@jessiehellmann.bsky.social @sandhyawrites.bsky.social @caitlinreilly.bsky.social Roll Call)
rollcall.com/2025/06/05/m...
Medicare cuts in play as Senate GOP hones budget bill - Roll Call
As Senate Republicans go deep into reconciliation bill-drafting mode, Medicare is increasingly coming up as a potential pay-for.
rollcall.com
June 6, 2025 at 3:10 AM
Medicare cuts in play as Senate GOP hones budget bill.
(@jessiehellmann.bsky.social @sandhyawrites.bsky.social @caitlinreilly.bsky.social Roll Call)
rollcall.com/2025/06/05/m...
(@jessiehellmann.bsky.social @sandhyawrites.bsky.social @caitlinreilly.bsky.social Roll Call)
rollcall.com/2025/06/05/m...
Full story on CQ: plus.cq.com/doc/news-81694…
Scoop: As House GOP huddled with Trump on reconciliation today, Senate Budget Rs quietly met to hammer out their budget blueprint, aiming for a Wednesday markup. The tentative plan includes $175B for border, $150B for defense and $17B for the Coast Guard over 4 years, fully offset.
February 6, 2025 at 11:05 PM
Full story on CQ: plus.cq.com/doc/news-81694…
Scoop: As House GOP huddled with Trump on reconciliation today, Senate Budget Rs quietly met to hammer out their budget blueprint, aiming for a Wednesday markup. The tentative plan includes $175B for border, $150B for defense and $17B for the Coast Guard over 4 years, fully offset.
February 6, 2025 at 11:04 PM
Scoop: As House GOP huddled with Trump on reconciliation today, Senate Budget Rs quietly met to hammer out their budget blueprint, aiming for a Wednesday markup. The tentative plan includes $175B for border, $150B for defense and $17B for the Coast Guard over 4 years, fully offset.
Senate Majority Leader Thune was noncommittal when asked about reports that House and Senate leadership agreed to a one-bill reconciliation strategy. “Well, I think that discussion is always predicated on what we can get done,” he said.
January 21, 2025 at 10:46 PM
Senate Majority Leader Thune was noncommittal when asked about reports that House and Senate leadership agreed to a one-bill reconciliation strategy. “Well, I think that discussion is always predicated on what we can get done,” he said.
Finance ranking member @wyden.senate.gov, D-Ore., seemed to indicate following the markup Democrats are in no rush to strike a deal with Republicans that would speed up Bessent's confirmation on the floor. “Every day seems to yield some additional questions,” Wyden said.
The Senate Finance Committee voted 16-11 to approve Scott Bessent’s nomination to be Treasury secretary, clearing the way for floor consideration. Democratic Sens. Mark Warner of Virginia and Maggie Hassan of New Hampshire voted to advance the nomination.
January 21, 2025 at 4:51 PM
Finance ranking member @wyden.senate.gov, D-Ore., seemed to indicate following the markup Democrats are in no rush to strike a deal with Republicans that would speed up Bessent's confirmation on the floor. “Every day seems to yield some additional questions,” Wyden said.
The Senate Finance Committee voted 16-11 to approve Scott Bessent’s nomination to be Treasury secretary, clearing the way for floor consideration. Democratic Sens. Mark Warner of Virginia and Maggie Hassan of New Hampshire voted to advance the nomination.
January 21, 2025 at 3:28 PM
The Senate Finance Committee voted 16-11 to approve Scott Bessent’s nomination to be Treasury secretary, clearing the way for floor consideration. Democratic Sens. Mark Warner of Virginia and Maggie Hassan of New Hampshire voted to advance the nomination.
Governors Tate Reeves, R-Miss., Glenn Youngkin, R-Va., Brian Kemp, R-Ga., Ned Lamont, D-Conn., Ron DeSantis, R-Fla., and Mike Braun, R-Ind., are down here too, as is former GOP Arizona senate and gubernatorial candidate Kari Lake. House and Senate spouses are also seated in the overflow space.
Here’s who we’ve spotted in the inauguration overflow viewing space in the Capitol Visitor Center so far:
Scale AI CEO Alexandr Wang
Open AI CEO Sam Altman
MMA fighter Conor McGregor
Influencers Logan & Jake Paul
Podcaster Theo Von
NY Mayor Eric Adams
Former race car driver Danica Patrick
Scale AI CEO Alexandr Wang
Open AI CEO Sam Altman
MMA fighter Conor McGregor
Influencers Logan & Jake Paul
Podcaster Theo Von
NY Mayor Eric Adams
Former race car driver Danica Patrick
January 20, 2025 at 4:22 PM
Governors Tate Reeves, R-Miss., Glenn Youngkin, R-Va., Brian Kemp, R-Ga., Ned Lamont, D-Conn., Ron DeSantis, R-Fla., and Mike Braun, R-Ind., are down here too, as is former GOP Arizona senate and gubernatorial candidate Kari Lake. House and Senate spouses are also seated in the overflow space.
Here’s who we’ve spotted in the inauguration overflow viewing space in the Capitol Visitor Center so far:
Scale AI CEO Alexandr Wang
Open AI CEO Sam Altman
MMA fighter Conor McGregor
Influencers Logan & Jake Paul
Podcaster Theo Von
NY Mayor Eric Adams
Former race car driver Danica Patrick
Scale AI CEO Alexandr Wang
Open AI CEO Sam Altman
MMA fighter Conor McGregor
Influencers Logan & Jake Paul
Podcaster Theo Von
NY Mayor Eric Adams
Former race car driver Danica Patrick
January 20, 2025 at 4:12 PM
Here’s who we’ve spotted in the inauguration overflow viewing space in the Capitol Visitor Center so far:
Scale AI CEO Alexandr Wang
Open AI CEO Sam Altman
MMA fighter Conor McGregor
Influencers Logan & Jake Paul
Podcaster Theo Von
NY Mayor Eric Adams
Former race car driver Danica Patrick
Scale AI CEO Alexandr Wang
Open AI CEO Sam Altman
MMA fighter Conor McGregor
Influencers Logan & Jake Paul
Podcaster Theo Von
NY Mayor Eric Adams
Former race car driver Danica Patrick
House Republicans are examining hundreds of policy options across 11 committees for possible inclusion in their one-bill reconciliation package, according to a document compiled by the House Budget Committee. Full story here: plus.cq.com/doc/news-815...
CQ NEWS Detailed reconciliation options flesh out budget cuts, tax menu
House Republicans are examining hundreds of budget options across 11 committees for possible inclusion in their one-bill reconciliation package, according to a document compiled by the House Budget Co...
plus.cq.com
January 17, 2025 at 4:56 PM
House Republicans are examining hundreds of policy options across 11 committees for possible inclusion in their one-bill reconciliation package, according to a document compiled by the House Budget Committee. Full story here: plus.cq.com/doc/news-815...
So it’s less clear whether it survives past this year. Bessent only committed to this filing season, which starts in a few weeks, and said he would review the program after that. It’s an uphill battle beyond that because Republicans (and tax prep software providers) are pretty dug in against it.
This is good news and you can bet Trump will claim credit for this Biden-era program.
The bad news is DC isn't part of this year's expanded pilot, so I still gotta fork over way too much money to file my taxes this year (the existing online free file system is a goddamn mess)
The bad news is DC isn't part of this year's expanded pilot, so I still gotta fork over way too much money to file my taxes this year (the existing online free file system is a goddamn mess)
A little news from this hearing: Bessent commits that the IRS Direct File program allowing taxpayers to file directly online with the IRS, a target of GOP attacks, will be available and operable this tax season.
January 16, 2025 at 9:50 PM
So it’s less clear whether it survives past this year. Bessent only committed to this filing season, which starts in a few weeks, and said he would review the program after that. It’s an uphill battle beyond that because Republicans (and tax prep software providers) are pretty dug in against it.
Sen. Cassidy, R-La., asked Bessent whether he would support imposing trade duties on carbon-intensive imports, a concept that in theory could find some support among Dems. Bessent called it an “interesting idea” that could fit within a broader tariff program.
January 16, 2025 at 5:03 PM
Sen. Cassidy, R-La., asked Bessent whether he would support imposing trade duties on carbon-intensive imports, a concept that in theory could find some support among Dems. Bessent called it an “interesting idea” that could fit within a broader tariff program.
A little news from this hearing: Bessent commits that the IRS Direct File program allowing taxpayers to file directly online with the IRS, a target of GOP attacks, will be available and operable this tax season.
January 16, 2025 at 4:16 PM
A little news from this hearing: Bessent commits that the IRS Direct File program allowing taxpayers to file directly online with the IRS, a target of GOP attacks, will be available and operable this tax season.
Ranking Dem @wyden.senate.gov painted Bessent’s handling of his taxes as emblematic of a system with one set of rules for the rich and another for the working class. “This is exactly the kind of abusive scheme that leaves Americans feeling disgusted with the tax code,” he said.
January 16, 2025 at 4:01 PM
Ranking Dem @wyden.senate.gov painted Bessent’s handling of his taxes as emblematic of a system with one set of rules for the rich and another for the working class. “This is exactly the kind of abusive scheme that leaves Americans feeling disgusted with the tax code,” he said.
Scott Bessent, Trump’s Treasury nom, is appearing before Senate Finance this morning. Chair Mike Crapo, R-Idaho,
opened the hearing, saying Bessent had cooperated with the committee on its “exacting” vetting process. “It’s clear you followed all applicable law,” Crapo said.
opened the hearing, saying Bessent had cooperated with the committee on its “exacting” vetting process. “It’s clear you followed all applicable law,” Crapo said.
January 16, 2025 at 3:47 PM
Scott Bessent, Trump’s Treasury nom, is appearing before Senate Finance this morning. Chair Mike Crapo, R-Idaho,
opened the hearing, saying Bessent had cooperated with the committee on its “exacting” vetting process. “It’s clear you followed all applicable law,” Crapo said.
opened the hearing, saying Bessent had cooperated with the committee on its “exacting” vetting process. “It’s clear you followed all applicable law,” Crapo said.
Now in front of the paywall: rollcall.com/2025/01/15/d...
January 16, 2025 at 1:59 PM
Now in front of the paywall: rollcall.com/2025/01/15/d...
NEW: Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, with questions about his fitness to hold the office based on a review of his tax returns. He's due before the Finance Committee tomorrow.
plus.cq.com/doc/news-815...
plus.cq.com/doc/news-815...
CQ NEWS Democrats: Bessent avoided Medicare tax on hedge fund earnings
Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, with questions about his fitness to hold the office based on a review ...
plus.cq.com
January 16, 2025 at 1:55 AM
NEW: Senate Democrats are gearing up for a fight against Scott Bessent, President-elect Donald Trump’s nominee for Treasury secretary, with questions about his fitness to hold the office based on a review of his tax returns. He's due before the Finance Committee tomorrow.
plus.cq.com/doc/news-815...
plus.cq.com/doc/news-815...
Anecdote courtesy of Roll Call reporters—@jimsaksa.com and me! rollcall.com/2023/10/04/p...
January 4, 2025 at 2:36 AM
Anecdote courtesy of Roll Call reporters—@jimsaksa.com and me! rollcall.com/2023/10/04/p...
It's likely to get overshadowed with all the shutdown/CR news, but the Senate just voted 76-20 to expand Social Security benefits for about 3 million retirees who worked for state or local governments. The House passed the bill last month, and it now heads to the president's desk.
December 21, 2024 at 5:33 AM
It's likely to get overshadowed with all the shutdown/CR news, but the Senate just voted 76-20 to expand Social Security benefits for about 3 million retirees who worked for state or local governments. The House passed the bill last month, and it now heads to the president's desk.