Amazon’s Bezos criticizes Biden for tweet about inflation

Amazon CEO Jeff Bezos speaks at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Great Britain on November 2, 2021.

Paolo Ellis | Reuters

Amazon founder Jeff Bezos targeted the president Joe Biden on Friday on a tweet claiming that inflation could be reduced by taxing wealthy corporations.

Biden tweeted earlier in the day: “Want to cut inflation? Let’s make sure the richest companies pay their fair share.”

Bezos, of which the company benefited from it from tax credits and deductions, he quoted the tweet to retort: ​​”The newly created Disinformation Board should review this tweet, or perhaps it should instead form a new Non Sequitur Board,” the former CEO said, apparently referring to the Department of That of National Security Disinformation Governance Committee. “Corporate tax hikes are good for discussion. Taming inflation is key for discussion. Putting them together is just a misdirection.”

Even if he didn’t call Amazon in particular in that tweet, Biden has already done so criticized the company’s fiscal history. Amazon did not pay federal income taxes in 2017 and 2018.

The Twitter squabble comes as inflation reaches levels not seen in decades, affecting the cost of essential goods such as gas, food and accommodation. Federal Reserve officials have responded to the problem with two interest rate hikes so far this year. They worked harder until inflation drops to the central bank’s 2% target.

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