Jamie Dimon Rejects Kathy Hochul’s "Patriotic Duty" Tax Plea

In this episode of the Brian Kilmeade Show, Jamie Dimon, Chairman and CEO of JPMorgan Chase, discusses economic challenges, the importance of real-world experience in government, and his company's American Dream Initiative (ADI). Dimon rejects New York Governor Kathy Hochul’s call for high-net-worth individuals to fund social programs through 'patriotic duty,' arguing that punishing business harms the very people it aims to help. He emphasizes that economic growth, not taxation, is the key to opportunity, citing Texas and Florida as examples of business-friendly states. Dimon advocates for fixing systemic issues like restrictive zoning, excessive mortgage regulations, and underfunded schools—particularly in low-income areas—through targeted investment in small business loans, affordable housing, financial education, and workforce development. He shares JPMorgan’s commitment to expanding its presence in underserved communities, such as Alabama, and highlights how capital formation drives job creation and long-term prosperity. The conversation concludes with Dimon declining speculation about a presidential run, reaffirming his focus on leading JPMorgan and contributing to national progress through business leadership.