Business Roundtable CEOs took to the global stage of the World Economic Forum this week to highlight the many benefits of the new U.S. tax law, including more investment, new jobs and greater economic growth.
“I think it’s possible you’re going to hit 4 percent sometime this year,” said Business Roundtable Chairman Jamie Dimon said in a CNBC interview at the forum in Davos, Switzerland. “I promise you, we are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high.”
“The real benefit comes over time. Competitive taxes [will lead to] more capital, more jobs, more companies investing here,” added Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co.
About 25 Business Roundtable CEOs are attending the forum’s annual meeting, which draws thousands of leaders from politics, business and culture to discuss global trends.
The CEOs pointed to another positive result of the 2017 tax bill: making the United States more attractive for investment.
“There are companies all around the world who are looking at the U.S. now and saying, ‘This is the place to be in the developed world,’” said Stephen Schwarzman, Chairman, CEO and Co-Founder of the investment firm, Blackrock. “