Dimon Sharpens Criticism of Biden’s Tax Hike Proposal

WATCH: Bank CEOs were grilled on Capitol Hill for a second day, testifying before the U.S. House committee. (Source: Bloomberg)

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By Steven T. Dennis

May 27, 2021 at 2:29 PM EDT

Updated on

May 27, 2021 at 4:41 PM EDT

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon sharply criticized U.S. President Joe Biden’s proposed tax hikes, which are aimed at people making more than $400,000 as well as corporations.

At a House Financial Services hearing on Thursday, Dimon said the planned increases are “a mistake” that would ship capital and brains overseas.

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