‘It Would Be Detrimental To A Lot Of Companies’: Jamie Dimon Slams Biden Tax Plan

Zero Hedge: JPMorgan CEO Jamie Dimon went scorched earth on President Biden’s tax plan, which would raise the current corporate tax rate from 21% to 28%, arguing that it would result in capital flight out of the United States. “The tax increase is actually four times what the tax decrease was from 2017,” Dimon said during a Thursday virtual hearing before the US House Committee on Financial Services. “You all know the phrase the devil is in