Dimon discusses the burdens that excessive regulations and tax structures impose on small businesses and lower-income individuals. He argues for a tax system that fosters growth, including doubling the Earned Income Tax Credit , while advocating for more streamlined regulations to alleviate the disproportionate compliance costs faced by smaller banks. Dimon critiques the Dodd-Frank Act for its slow regulatory advancements, noting its role in diminishing public companies and complicating lending processes, which ultimately hampers economic growth.
Change the Fed
Greg P
Posted underFederal ReserveGDP GrowthGrowthHealthcareJamie DimonLAWRegulation
