Jamie Dimon Advocates 'Buffett Rule' to Address US National Debt

JPMorgan CEO proposes higher taxes on millionaires to reduce debt while maintaining key investments.

Dimon suggests taxing the wealthy at rates comparable to or higher than middle-class earners.
He believes the US can reduce its $35 trillion debt without drastic spending cuts.
The 'Buffett Rule' calls for households earning over $1 million to pay a minimum effective tax rate of 30%.
Economists warn that unchecked debt could lead to higher borrowing costs and potential default.
Dimon emphasizes continued spending on infrastructure, military, and earned-income tax credits.