Amazon founder Jeff Bezos has slammed President Biden for a tweet the president wrote suggesting taxing the wealthiest corporations could help lower inflation, calling lumping the two topics together a “misappropriation “.
“You want to lower inflation? Let’s make sure the wealthiest companies pay their fair share,” Biden tweeted Friday night.
“The newly created disinformation council should look into this tweet, or perhaps they should form a new, non-sequential council instead. Raising corporate taxes is a good thing to discuss. It is essential to discuss the control of inflation. Mixing them together is just the wrong direction”, Bezos retaliatedciting Biden’s statement on the platform.
Since the announcement of the Department of Homeland Security’s Disinformation Governance Council last month, the new council has drawn the ire of a number of Republicans who have called it the “Ministry of Truth” and alleged that he would censor free speech.
Bezos’ remarks come as U.S. inflation hits a 40-year high amid labor shortages and supply chain issues, the latest of which has plagued the formula industry for infants.
Amazon has also been repeatedly criticized by Democrats for not paying more taxes. Biden previously slammed the company in March last year, saying it and other companies paid no income tax.
CNBC reported that Amazon paid $162 million in federal taxes in 2019, but had previously not owed federal taxes since 2016.
Amazon’s bill jumped to $1.8 billion in federal taxes in 2020, according to a Wall Street Journal report, a figure that would likely rise under a Biden plan to set a tax rate minimum for companies.