Jeff Bezos criticizes Joe Biden on Twitter over inflation

Jeff Bezos criticizes Joe Biden on Twitter over inflation

“You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share,” Biden tweeted from his non-public account Friday night time.

Bezos shot again later Friday with a tweet of his personal claiming there is not any hyperlink between inflation and company taxes.

“Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection,” Bezos tweeted.
Bezos additionally mentioned Biden’s tweet will have to be reviewed through the “Disinformation Board,” an initiative from the the Division of Place of birth Safety and the White Space to assist rein in disinformation, in particular on social media platforms.
Biden has criticized Bezos’ company prior to. In Might 2020, Biden mentioned Amazon will have to “start paying their taxes” in an interview with CNBC.

“I don’t think any company, I don’t give a damn how big they are, the Lord Almighty, should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars,” mentioned Biden, who was once then operating for president.

In the past, within the 2017 and 2018 tax years, Amazon’s monetary filings confirmed that it didn’t owe cash in source of revenue tax, and slightly anticipated to obtain a tax refund from the government.

Amazon mentioned it paid $1.7 billion in federal source of revenue tax for the 2020 tax yr and paid $1.8 billion in different federal taxes. It additionally mentioned it paid $2.6 billion in state and native taxes.
The e-commerce massive’s federal source of revenue tax invoice was once assessed at more or less one 3rd of the 21% company tax fee.
And Bezos himself has been scrutinized for his non-public tax expenses previously — ProPublica reported in 2020 the billionaire didn’t pay any federal source of revenue taxes in 2007 and 2011.

— CNN’s Chris Isidore and Brian Fung contributed to this file.

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