JPMorgan CEO Jamie Dimon, head of the largest bank in the United States and one of the most vocal corporate leaders for policy, is calling on employees and individuals to unite after the President’s victory. sent Joe Biden for confirmation.
|JPM||JP MORGAN CHASE & CO.||102.96||-1.39||-1.33%|
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“Now is the time for unity. We must respect the outcome of the presidential election of the United States and, as we have done with every election, respect the voter’s decision and support a peaceful transition of power. We are a stronger nation when we treat each other fairly, share our commitment to a common cause, and unite to tackle our bigger challenges. Whatever our political stance, let us strengthen our special country together, ”Dimon said in a statement obtained by FOX Business on Saturday.
Dimon is one of the more aggressive CEOs when it comes to fiscal policies. Previously, he served as the CEO of Business Roundtable, a group that represents 15 million US employees and $ 7 trillion in revenue. During his tenure, he was the one to propose tax reforms to make America more competitive.
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As FOX Business mentions, in December 2017, he pushed for more tax reform.
“Five thousand companies with headquarters in foreign countries have headquartered here, you look at your face with 4 trillion dollars of US capital reinvested abroad that may have been invested. here, ”said in a BRT update with reporters at the time.
President Trump won praise for eventually cutting the corporate tax rate from 35% to 21%, fueling a series of pro-business and economic growth policies.
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Biden said he would seek to raise corporate tax rates to 28%, a move that has some CEOs worried.
ConocoPhillips CEO Ryan Lance, during an earnings conference call earlier this month, was asked about the election and any impact on the business.
“Apparently the corporate tax rate change from 21% to 28%,” said Lance.
The company did not elaborate when FOX Business asked.
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