Tag

Eitc

All articles tagged with #eitc

businesseconomy2 years ago•3 min saved

"Jamie Dimon Advocates Taxing the Wealthy to Support Lower-Income Families"

JPMorgan Chase CEO Jamie Dimon advocates for taxing the wealthy more to provide financial support for low-income populations through the earned income tax credit (EITC). He emphasizes the need to address income inequality and suggests expanding the EITC while increasing taxes on wealthier Americans to fund it. Dimon's stance aligns with his belief that the current tax code contains unnecessary breaks, prompting a response from former House Speaker Paul Ryan regarding the State And Local Tax deduction.

via Fortune|

#bipartisan-policy-center #businesseconomy #eitc

finance2 years ago•3 min saved

"Dimon Advocates Enhanced Tax Credit for Low- to Middle-Income Families"

JPMorgan Chase CEO Jamie Dimon advocates for improving the earned income tax credit (EITC) for low- to middle-income families, suggesting it as a "no brainer" to lift up society and proposing to fund it by taxing the wealthy more. He believes increasing spending on the EITC would provide more money for households and communities, bringing dignity and stimulating local economies. Suggestions for improvement include expanding eligibility for childless workers, adjusting the credit for younger and older workers, and improving technology to reduce improper payments and make the credit more accessible.

via CNBC|

#eitc #finance #jamie-dimon