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Why one of Wall Street’s titans is on the side of the tax reformers — and maybe Joe Biden and Janet Yellen

JPMorgan CEO Jamie Dimon

Summary List Placement

Tax policy has taken center stage in recent weeks. President Joe Biden is aiming to lift tax rates on wealthy Americans and corporations in order to offset the costs of his $2.3 trillion infrastructure proposal. Republicans have balked at the plan, arguing such changes cut into the country’s global competitiveness.

One of the leading voices of Wall Street’s center-left has weighed in, and he said it’s time for a change.

Neither side is particularly right or wrong, JPMorgan CEO Jamie Dimon said Wednesday in an annual letter to shareholders, before going on to say that one side basically details ⇒

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