Jamie Dimon of JP Morgan Calls for Greater Regulation and More Effective Tax Policy in US

Jamie Dimon, head of JP Morgan, has criticised US tax policy for failing to growth jobs and wages.
Jamie Dimon at the JPMorgan Healthcare Investment Conference, 8 January 2013. (Steve Jurvetson/Wikimedia Commons)

JP Morgan’s Jamie Dimon, chairman, president, and CEO of the bank, has called out finance journalists for failing to report on the impact of US government policy on the average citizen. Dimon harangued journalists for focusing on the fluctuations of the market — what he referred to as ‘the weather’ — rather than focusing on how business tax policies have failed to produce growth in jobs and wages.

Of the state of things, he said:

“We need infrastructure reform. We need corporate tax reform. We need better skills and education. If we don’t focus on these things, we are hurting average Americans every day.”

Source: JP Morgan chief blasts US dysfunction: ‘It’s almost an embarrassment being American’ | Business | The Guardian