Jamie Dimon warns of looming economic doom for the U.S. – msn

“Dimon, known for his straight talk, suggested a solution that might raise a few eyebrows: taxing the rich more. At the same discussion, he emphasized the need for increased financial support for low-income populations. Advocating for an expansion of the Earned Income Tax Credit (EITC) and the Child Tax Credit, Dimon proposed funding these initiatives by increasing taxes on wealthier Americans…

“This dialogue, however, extends beyond tax policies and deductions. It speaks to a larger narrative about the U.S.’s economic trajectory, where rising debt levels threaten to destabilize the nation’s financial standing in the global arena. The conversation steered by leaders like Dimon and Ryan isn’t just about numbers and policies; it’s a critical discourse on the U.S.’s future, its economic principles, and the kind of legacy it intends to leave for the next generation.”

Jamie Dimon and Paul Ryan are right on reducing the national debt while shifting some expenditures to the lowest income. Need less talk, more action on these goals from both parties.

---