Jamie Dimon on tax policy
From Conversation with Jamie Dimon, Chairman & CEO of JPMorganChase · · Ronald Reagan Presidential Foundation & Institute
“I like the earned income tax credit, which today as it stands, if you're a single parent making $14,000, the government gives you seven at the end of the year in a check. You know, some people are entitled to it don't get it. Uh if you're d if you're have no children, they give you like 700 bucks. I would take that the 14,000. I'd make it 122,000. I get rid of the child requirement. You're you're working, you get uh you'll go home with 26,000. If you're two parents, you have $52,000. And the reason I like it is because first, I think it would pay for itself. We know one thing about jobs. They create dignity. That first rung in the ladder.”
On , Jamie Dimon, Chairman & Chief Executive Officer at JPMorgan Chase, spoke about tax policy during Conversation with Jamie Dimon, Chairman & CEO of JPMorganChase on Ronald Reagan Presidential Foundation & Institute.
About Jamie Dimon
Jamie Dimon, chairman and CEO of JPMorgan Chase, has been a prominent voice at recent economic forums. In May 2026, speaking at the Reagan National Economic Forum, Dimon described the U.S. economy as “pretty good,” citing 2% growth and low unemployment, while noting that inflation was “ticking up.” He characterized the stock market as “exuberant,” adding that while corporate earnings were strong, there was “hype” in some areas and that low credit spreads represented a risk. Dimon repeatedly warned of “tectonic plate” geopolitical shifts, including the war in Ukraine, the conflict in Iran, remilitarization, and trade restructuring, which he said “dwarf the short-term economy.” He expressed a wish for more U.S. support for Ukraine and said he hoped the Iran war would “settle properly for us.” Dimon also focused on domestic policy, advocating for what he called “good policy” over tax increases or new spending, and arguing that fixing regulation could boost growth by 1%. He discussed a meeting with New York City Mayor Zohran Mamdani, saying he had “said everything I wanted to say” and noted that mayors can fail if “ideology blinds them.” Dimon announced JPMorgan’s “American Dream Initiative,” which includes targets for mortgages, affordable housing, small-business banking, and financial education. On technology, he praised SpaceX as “extraordinary” and acknowledged that AI will create and replace jobs, but argued the U.S