JPMorgan’s Jamie Dimon praises Donald Trump’s ‘well-balanced’ tax cuts
New York — JPMorgan Chase & Co CEO Jamie Dimon complimented the administration of President Donald Trump in his annual letter to shareholders on Thursday, saying tax cuts and deregulatory efforts are helping his bank make more money. Dimon, who runs the biggest US bank, drew a contrast between Trump’s moves and other elected officials who he said had not struck the right balance for the economy between regulation and free commerce. He praised the Trump administration for insisting that "rules around cost-benefit analysis be properly applied" and for trying to give regulators "the proper authority to use common sense". Using nearly half of the 46-page letter to promote his views on public policies, Dimon played to his roles as the public face of Wall Street and the chairman of the Business Roundtable, a CEO lobbying group. Dimon said new federal tax laws and "a more constructive regulatory environment" adopted since the 2016 presidential election give him hope that JPMorgan would be ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.