Jamie Dimon Backs Buffett Rule: Advocates 30% Tax for Millionaires to Help Cut $35 Trillion National Debt

The US faces a critical juncture as its debt soars. Addressing tax disparities and balancing spending priorities are essential to securing a stable financial future. (Credit: Wikimedia Commons)

Billionaire banking executive Jamie Dimon is supporting the Buffett Rule - a policy of increasing taxes on millionaires to reduce the national debt.

The CEO of JPMorgan Chase said he supports the idea that would impose a minimum tax rate of 30 percent on individuals earning over a million dollars annually. This comes as the national debt, nearing a million dollars per American family in 2017, remains a pressing concern.