May 29, 2022

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Jeff Bezos criticizes Joe Biden on Twitter for inflation

Jeff Bezos criticizes Joe Biden on Twitter for inflation
“Do you want to lower inflation? Let’s make sure that the wealthiest companies pay their fair share,” Biden said chirp From his personal account on Friday evening.

Bezos responded later Friday with a tweet of his own claiming there was no connection between inflation and corporate taxes.

“The issue of raising corporate taxes is a good thing for discussion. Taming inflation is critical to the discussion. Putting them all together is just the wrong direction,” Bezos said. chirp.
Bezos also said Biden’s tweet should be reviewed.Disinformation CouncilAn initiative by the Department of Homeland Security and the White House to help curb misinformation, particularly on social media platforms.
Biden has criticized Bezos before. In May 2020, Biden said that on Amazon “start paying their taxesIn an interview with CNBC.

“I don’t think any company, I don’t care how big it is, Lord Almighty, should be in a position where they pay no taxes and earn billions and billions and billions of dollars,” Biden said. who was running for president at the time.

Previously, in its 2017 and 2018 tax years, Amazon’s financial filings showed that it does not owe money in income tax, but rather expects a tax refund from the federal government.

Amazon said I paid $1.7 billion in federal income tax for the 2020 tax year and paid $1.8 billion in other federal taxes. It also said it paid $2.6 billion in state and local taxes.
The federal income tax bill for the e-commerce giant has been assessed in Almost a third of the corporate tax rate of 21%.
And Bezos himself has been scrutinized in the past for personal tax bills – ProPublica mentioned In 2020 the billionaire did not pay any federal income taxes in 2007 and 2011.

CNN’s Chris Isidore and Brian Fong contributed to this report.