JPMorgan Chase CEO comments on New York City mayor's tax proposals

JPMorgan Chase CEO Jamie Dimon said he will judge the mayor by results rather than statements on policy and ideology. The comments came during a Bloomberg TV interview on Thursday after Dimon and other business leaders met with the mayor. Dimon stated that the mayor can discuss morality and ideology but must deliver improvements for the city to succeed.

"I don't care what he says. What does he do? I will judge that … because you can talk about morality and ideology all you want, but if things don't get better, you didn't do a good job," Dimon said.

Tax proposals and business concerns The mayor has proposed higher corporate taxes, a new 2% income tax increase for millionaires, and a luxury tax on second homes valued over $5 million. Dimon noted that cities compete for residents and businesses and said the mayor must make the city attractive for people to live and work.

Dimon also supported comments by Jeff Bezos that lower earners should not pay income taxes. He agreed that the bottom half of earners contribute only 3% of taxes while the top 1% pay 40%.

Meeting with business leaders The mayor filmed a video last month outside a Manhattan apartment that named a billionaire and used the property as a backdrop for a proposed pied-à-terre tax. Dimon said the mayor appeared to recognize the reaction and is now seeking better ties with the business community. Dimon added that he hopes the mayor will learn from experience and succeed in the role.