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Trump seems open to lowering tariff rate on China – CBS News Watch CBS News Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer are set to meet with Chinese officials for trade talks in Switzerland this weekend. Ahead of the meeting, President Trump seemed to suggest he’d be open to lowering the tariff rate on Chinese imports. CBS News’ Nikole Killion and Kelly O’Grady have more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Representative Nicole Malliotakis said increasing the state and local tax deduction cap to $30,000 from $10,000 would reduce the tax burden of the vast majority of people in her district, indicating support for a proposal that is dividing Republicans.”Every member needs to advocate for the particular needs of their district. Tripling the deduction to $30,000 will provide much-needed relief for the middle-class and cover 98% of the families in my district,” Malliotakis, a Republican representing Staten Island, New York and a member of the House tax committee, said in a statement to Bloomberg News on Friday.Malliotakis’ nod of approval for…

House Republicans are considering increasing taxes on university endowments, a significant threat to some of the nation’s wealthiest schools as President Donald Trump seeks to tighten control over American higher education.The measure is in a draft of the tax package Republicans are weighing, according to people familiar with the matter who spoke on condition of anonymity to share details on the effort. The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows, the people said. Republicans are considering boosting the 1.4% endowment tax currently on the books…

Trump floats idea of raising taxes on the rich – CBS News Watch CBS News In a post on social media, President Trump said he’d be open to raising taxes on rich people as part of negotiations over his “big beautiful bill.” CBS News’ Nikole Killion and Kelly O’Grady have the latest. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

The Public Company Accounting Oversight Board posted more staff presentations to help with the implementation of QC 1000, A Firm’s System of Quality Control.The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources. In April, the PCAOB posted more staff presentations covering acceptance and continuance, engagement performance, governance and leadership, and information communication.  The roles and responsibilities video covers the requirements involving the assignment of roles and responsibilities within the firm’s QC system. The ethics and independence video covers the firm and individual responsibilities under ethics and independence requirements applicable for engagements performed under…

A general view of the ESPN logo on a camera at Simmons Bank Liberty Stadium in Memphis, Tennessee, on April 6, 2024.Wes Hale | UFL | Getty ImagesAt long last, ESPN has chosen a name for its upcoming all-access streaming service.Ready?It’s “ESPN.”Disney’s sports media division will announce the new — and also sort of old — name for the all-access streaming application at a media event next week, according to people familiar with the matter who declined to be named speaking about not-yet-public details. A Disney spokesperson declined to comment.Disney executives have referred to the streaming product, which is expected…