Video transcript
>> JP Morgan chase chairman and CEO Jamie diamond sat down with Maria during the 2025 Reagan National economic Forum last week watch. >> Thank you so much about the Reagan National economic Forum and I'm sitting with Jamie diamond chairman and CEO of JP Morgan chase Jamie, thank you for sitting with us we're thrilled to be here, I know we have limited time on to get right into it and first get your thoughts about this big beautiful bill underway in the Senate. We've got some pushback from some senators about spending cuts not being enough what do you think they need to do. >> Yeah, I saw I think for time that I'm thrilled they got it through and I think Michael Johnson did unbelievable job doing that. I think the Senate, I think they finish it I think the create increasing consistency keeping the tax rates going that love is to to invest small business to large business is really important for growth and et cetera. And if you go back to the bill in 2017 it brought back trees of dollars, United States. It created a lot of jobs, it created a lot of growth and people may look at those numbers don't actually say what those are so it will work then they should go back and worry about cutting, you know literally looking at and I should say cutting making things more efficient around you know Medicare Medicaid Social Security, it could be done. But I think they're better just getting this thing finished as best they can the you know the small the deficit is the better. >> Are you as a business person running the largest bank counting on that the extension of those tax cuts. >> Not so much JP Morgan, but I think if you know talk to small businesses who don't know if the race could be like 28% or 40% they need it if you talk to a lot of companies do a lot R and D or a lot of our equipment expensing they need the certainty and we do we really don't want to do is is waiting to find out what's going to happen before they make you know investments, new plants and equipment, et cetera and seeing a little bit of that so the sooner, the better.
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