U.S TAXATION REFORMS 1
U.S taxation Reforms
Luis Rodriguez
AEB3281
Sandgberg
10/13/17
U.S TAXATION REFORMS 2
U.S Taxation Reform
U.S taxation reform has called for a debate within U.S and it’s allied. Jamie Dimon, the
chairman, and CEO of the largest bank in U.S, JPMorgan chase says if the tax reform passes the
bank will be able to hire more employees and increase pay (Cheng, 2017). Cheng adds that
currently the bank has hired more than 167000 employees within U.S, thus Dimon in his
statement said that this reform will be of benefit to American workers (Cheng, 2017). According
to a survey done in April, about 76 percent within the chief executive officer at Business
Roundtable would only hire if the tax reform passes (Cheng, 2017). This tax framework was
released in September which proposed that there was need of cutting corporate tax rate from 35
percent to 20 percent (Cheng, 2017). However, according to a report from congressional Joint
Committee on Taxation, it found that the elimination of the tax would generate billions of dollars
