Jamie Dimon Slams Biden Tax Plan
The big investors are threatening to pull their capital investments and will go elsewhere? You would have thought the smart ones have already have when Biden got elected.
The tax increase is actually four times what the tax decrease was from 2017," Dimon said during a Thursday virtual hearing before the US House Committee on Financial Services. "You all know the phrase the devil is in the details, well the details here are all that matter, not the top line of 28%."
"If you want to have a healthy, growing, competitive America against the rest of the world, you need a global, competitive tax rate," Dimon added. "It would be detrimental to a lot of companies, it would push a lot of capital overseas."