Dimon argues that boosting military spending and investing in infrastructure while rebalancing the tax system towards middle-income families is essential for sustainable economic growth.
According to Dimon, addressing the public debt dilemma involves a two-pronged approach of stimulating economic growth and adjusting tax policies to support those most in need.
Dimon further explains that incentivizing spending on initiatives like the Earned Income Tax Credit (EITC) would significantly benefit low-income individuals and communities.
He emphasizes the necessity of creating a competitive international tax system while utilizing some tax increases as a pragmatic solution for managing the deficit.
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