Congress allegedly launders tax dollars to its friends, special interest groups, and lobbying groups, per Jamie Dimon.

by

Jamie Dimon (JPMorgan CEO) said Congress does not spend tax money well.

He said extra tax dollars sent to Washington get “laundered” to friends, special interest groups, and lobbying groups.

Dimon mentioned there are about 17,000 lobbying groups in DC.

He said if taxes went directly to people who need help, more people would support higher taxes.

Instead, the money goes through interest groups and their friends.

Dimon said sending another trillion dollars to Washington will not improve anything.

He called the system kind of a “swamp.”