Amazon supports a corporate tax hike proposed by President Biden to help pay for the administration’s $ 2 trillion infrastructure proposal, company founder Jeff Bezos said on Tuesday.
Biden proposed raising the corporate tax rate to 28 percent from 21 percent to help support his offer.
“We recognize that this investment has to be concessions on all fronts, in terms of inclusions and payment methods. (We support the increase in corporate tax rates), ”Bezos said in a statement.
“We sincerely hope that Congress and the administration work together to find an appropriate and balanced solution that maintains or increases the competitiveness of the United States.”;
The CEO of Amazon, who left, was not particularly supportive of Biden’s plans, but said his company supported the administration “to focus on bold investments in American infrastructure.”
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Bezos’ statement came after the president called the e-commerce giant when he revealed his infrastructure plan, stating how much federal tax he had to pay.
The president said last week that Amazon was one of 91 Fortune 500 companies that “exploited loopholes without them having to pay alone in federal income tax.”
Amazon has long been criticized for having virtually no federal tax payments in the United States for years.
Bezos, the richest man in the world, is stepping down as CEO in the third quarter of 2021.
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