Amazon founder angered by Joe Biden’s demand for companies to pay more taxes
Amazon founder Jeff Bezos has slammed the Biden administration for trying to mislead the American public about inflation, saying raising taxes on corporations and the wealthy won’t reduce consumer costs.
The war of words erupted over the weekend when Joe Biden tweeted that by ensuring that “The richest companies pay their fair share” was the way to beat soaring US inflation, which stood at 8.3% in April, a level not seen in nearly 40 years.
Bezos suggested on Saturday that the president’s tweet should have been reviewed by the Disinformation Governance Board, recently created by the US government.
“Increasing corporate taxes is a good thing to discuss. It is essential to discuss the control of inflation. Mixing them together is just a misdirection,” he wrote.
The newly created disinformation committee should look into this tweet, or perhaps they should form a new, non-sequential committee instead. Raising corporate taxes is a good thing to discuss. It is essential to discuss the control of inflation. Mixing them together is just a misdirection. https://t.co/ye4XiNNc2v
—Jeff Bezos (@JeffBezos) May 14, 2022
The entrepreneur then expressed his belief that the real reason for inflation was the White House’s stimulus policies, which saw money injected “in an already overheated and inflationary economy.” Last year, the Biden administration approved a $1.9 trillion U.S. bailout package aimed at helping the country recover from the Covid-19 pandemic.
On Monday, White House spokesman Andrew Bates responded to Bezos in a statement, saying that “You don’t have to take a big leap to understand why one of the wealthiest people on the planet opposes a middle-class economic program that cuts some of the biggest costs families face. , fights long-term inflation and adds to the historic deficit reduction the president is achieving by asking the wealthiest taxpayers and corporations to pay their fair share.
Bates also said it was “It’s no surprise this tweet comes after the president met with union organizers, including Amazon employees.”
Some Amazon employees recently unionized despite company opposition, and Biden, who describes himself as the “the most pro-union president” ever, supported these actions.
Bezos hit back at the White House on Tuesday, dismissing claims made in Bates’ statement.
“They naturally want to blur the subject. They know that inflation hurts the most needy the most. But unions don’t cause inflation and neither do the rich.” he wrote.
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