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Jeff Bezos Criticizes Biden Tweet on Inflation and Taxing Corporations

  • President Joe Biden tweeted that taxing rich companies might assist carry down inflation.
  • Amazon’s Jeff Bezos mentioned “mushing together” inflation and elevating company taxes was “misdirection.”
  • Inflation within the US has reached its highest ranges because the Eighties.

Amazon Government Chairman Jeff Bezos went after President Joe Biden on Friday over the latter’s tweet about bringing down inflation by taxing massive companies.

“You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share,” Biden mentioned in a tweet Friday night.

The Amazon billionaire retweeted the president and prompt the tweet could possibly be thought-about disinformation.

“The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead,” Bezos mentioned, apparently referring to Homeland Safety’s lately introduced Disinformation Governance Board.

“Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection,” Bezos continued.

 

Inflation within the US has reached its highest ranges because the Eighties, affecting the value of important items like gasoline, meals, healthcare, and housing. In April the speed of inflation slowed for the primary time in eight months.

As Insider beforehand reported, among the most typical causes of inflation are extra demand for items and companies, rising prices of wages and supplies, foreign money devaluation, and insurance policies and laws.

Amazon, the corporate Bezos based, has lengthy been accused of not paying its share honest of taxes. The corporate paid no federal earnings taxes in 2017 and 2018.

Bezos, one of many world’s richest folks, personally paid nothing in federal earnings taxes in 2007 and 2011, ProPublica reported final 12 months.

The White Home didn’t instantly reply to Insider’s request for remark.




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