Amazon billionaire Jeff Bezos backs corporate tax increases

Amazon CEO Jeff Bezos (left) and his girlfriend Lauren Sanchez pose for a photo during their visit to the Taj Mahal in Agra on January 21, 2020.

Amazon CEO Jeff Bezos (left) and his girlfriend Lauren Sanchez pose for a photo during their visit to the Taj Mahal in Agra on January 21, 2020.
Photo Pawan Sharma / AFP Getty Images

Jeff Bezos, Amazon’s founder and CEO, released a statement late Tuesday saying that he generally supports President Joe Biden’s desire to invest in infrastructure, along with an increase in the corporate tax rate. But some of the things Bezos doesn’t support in the statement stand out in their absence.

“We support the Biden administration’s focus on making bold investments in US infrastructure,” Bezos said in a posted statement online, which presumably means ‘Amazon’ when it says ‘we’.

“Both Democrats and Republicans have supported infrastructure in the past, and now is the right time to work together to make this happen,” Bezos continued.

But Bezos, which is said to be worth it $ 193 billion, stopped endorsing the $ 2 trillion infrastructure plan currently on the table, instead choosing to say concessions must be made “from both sides” to get anything done.

“We recognize that this investment requires concessions from all sides – both in the details of what is included and how it is paid (we are in favor of an increase in the corporate tax rate),” Bezos said. “We look forward to seeing Congress and the government come together to find the right, balanced solution that will maintain or improve the US competitiveness.”

The highest corporate tax rate is currently cut 21% from 35% by the Trump regime’s massive tax bill that served as an outreach to millionaires, billionaires and corporations in 2017. And while Bezos says he supports a higher tax rate, he doesn’t specify how much.

Big Business isn’t keen on taxes in general, so it’s no surprise that many other U.S. companies are fighting Biden’s infrastructure plan, even though some companies are complaining about U.S. infrastructure, according to a new report by PoliticsLarge corporations are also grumbling behind the scenes at Treasury Secretary Janet Yellen’s desire to get the big rich countries on board with minimal corporate tax that would level the playing field and prevent international companies from shopping around for tax havens.

From Politico:

Executives often say they could live with a corporate tax rate of about 25 percent – which groups like the Business Roundtable previously supported – but only with rebates recovered and without much of the international reform.

“I didn’t think 21 percent was the right number when we pushed through the tax reform. And 25 percent is a place where you can probably get a lot of consensus, ”said the CEO of one of the world’s largest financial firms, provided they are not mentioned. “It’s not the rate, it’s everything else that would make us less competitive worldwide. And jobs will disappear if we do this. “

Everyone wants beautiful roads, fast internet throughout the country and bridges that don’t just fall down, but big companies want that to happen without paying taxes. Unfortunately, you can’t get those nice things without taxes. And anonymous CEOs can say “it’s not the rate” what they want, but it’s the rate. They don’t want to pay higher taxes and will do everything they can to stop them.

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