Mamdani’s Tax Plans May Hurt New York, JPMorgan’s Dimon Says (1)

JPMorgan Chase & Co. Chief Executive Jamie Dimon criticized plans by New York’s left-leaning mayor Zohran Mamdani to slap more taxes on the rich, arguing the move risks doing further damage to the city’s status as a business hub.

Dimon’s comments followed a recent meeting with Mamdani, who has criticized Wall Street bankers and other executives and is now pushing for tax hikes to plug the city’s budget shortfall. That has led to pushback from realtors and executives, and Dimon added his voice to the chorus on Thursday.

“People think that somehow being anti-business is going to help the city ...