Bloomberg - Jamie Dimon on Trump, taxes, and not trusting the government

And he'll write a book.

Bloomberg News reports that JPMorgan Chase CEO Jamie Dimon said that if he had to wager on the outcome of the 2020 election, it would be for a Democrat in the White House.

Dimon also said he wants to see negative tax rates for lower-income individuals and is in favor of limiting the state and local tax deduction since it mostly favors the wealthy in high-spending states such as New York, where JPMorgan is based.

“I don’t think the private equity guys should argue for carried interest, I don’t think the hedge fund guys should be arguing for deferrals, I don’t think I should argue for reducing my rate,” he said. “If you want to raise my rate, so be it.”

Dimon also brought up several gripes he’s previously aired. He said he regrets buying Bear Stearns Cos. because his firm was later fined for that bank’s actions. He said he’ll write a book about the lessons from the financial crisis, and name people that treated the bank unfairly in regards to the government-requested purchase.

“I would never shake the hand of the government again,” Dimon said. “I don’t trust any one of them, ever.”

Hit the link below to access the complete Bloomberg News article:

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