Amazon’s Bezos slams Biden over inflation tweet

Amazon's Bezos criticizes Biden over inflation tweet

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Amazon CEO Jeff Bezos speaks throughout the UN Climate Change Conference (POLICE26) in Glasgow, Scotland, Britain, November 2, 2021.

Paul Ellis|Reuters

Amazon creator Jeff Bezos took objective at President Joe Biden on Friday over a tweet that stated inflation might be lowered by taxing rich corporations.

Biden previously in the day tweeted: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.”

Bezos, whose business has actually taken advantage of tax credits and reductions, estimated the tweet to retort: “The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead,” the previous CEO stated, obviously describing the Department of Homeland Security’s Disinformation GovernanceBoard “Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.”

While he didn’t call out Amazon particularly because tweet, Biden has actually formerly slammed the business’s tax history. Amazon paid no federal earnings taxes in 2017 and 2018.

The Twitter spat comes as inflation reaches levels not seen in years, impacting the expense of necessary items like gas, food and real estate. Federal Reserve authorities have actually reacted to the issue with 2 rates of interest walkings up until now this year. They’ve vowed more up until inflation boils down to the reserve bank’s 2% objective.

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