According to JPMorgan Chase Chief Executive Jamie Dimon, the rich should pay the majority of taxes in this country. He made the statements on Tuesday at a meeting of the Council of Institutional Investors. Head of the financial powerhouse also said that if “we are no tvoluntarily fiscally responsible, we will be involuntarily fiscally responsible.”
Dimon, who also backed getting government spending under control, spoke as Republicans and Democrats failed to reach agreement during White House talks aimed at forging a budget deal that would keep the U.S. government operating beyond Friday.
On Tuesday, House Republicans also unveiled a plan for tackling long-term budget shortfalls that focuses on slashing spending including what goes to Medicare and Medicaid.
"I for one have no problem, as a well-off American... paying taxes," Dimon told the annual spring meeting of the Council of Institutional Investors.
"I think those well off should pay a lion's share, I have no problem with that," he said. "But I think we can't just go on endlessly spending money."