Billionaire Jamie Dimon Calls Mamdani’s Tax Proposals ‘Embarrassing’
Jamie Dimon, CEO of JPMorgan Chase, criticized New York City Mayor Zohran Mamdani's tax proposals, labeling them as 'embarrassing.' Dimon expressed frustration over the potential tax increase on single-family homes valued at $5 million or more. He urged policymakers to focus on fixing existing policies rather than raising taxes.
- ▪Jamie Dimon criticized Mayor Mamdani's tax proposals as 'embarrassing.'
- ▪The proposals include an additional tax on single-family homes worth $5 million or more.
- ▪Dimon emphasized the need to fix policies instead of raising taxes.
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BreakingBusinessBillionaire Jamie Dimon Calls Mamdani’s Tax Proposals ‘Embarrassing’ByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorMay 29, 2026, 08:21am EDTToplineJPMorgan Chase CEO Jamie Dimon on Friday criticized New York City Mayor Zohran Mamdani’s tax proposals, calling his policies “embarrassing,” as state legislators are set to vote on an additional tax on single-family homes worth $5 million or more. “Don’t try to raise more taxes or spend more money, sit down and fix policy,” the JPMorgan Chase executive said.Getty ImagesKey Facts“Don’t try to raise more taxes or spend more money,” Dimon told Fox News, adding, “It’s frustrating. It hurts.
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