• January 28, 2023

Amazon’s Bezos supports Biden’s infrastructure plan, raising taxes

Amazon founder and CEO Jeff Bezos released a statement Tuesday in support of President Joe Biden’s Infrastructure Plan, called the American Jobs Plan.

Months earlier He is stepping down as CEO of the companyBezos said Democrats and Republicans backed infrastructure plans and now is the time to get something “that will keep the US competitive or not.”

“We support the Biden Administration’s focus on bold investments in American infrastructure,” said Bezos said in the statement on the Amazon website. “We look forward to Congress and the administration coming together to find the right, balanced solution.”

Biden said last week that the infrastructure plan is “investments we need to make”.

The $ 2 trillion plan aims to not only rebuild the country’s aging roads, bridges, transit and rail services, but also support electric vehicles, clean energy and the construction of more than 2 million affordable homes. White House press secretary Jen Psaki said the government would like the plan to be approved by Congress this summer.

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Bezos added that the company is in favor of increasing corporate tax rates, which the plan to pay for the eight-year spending package would implement. This would raise the corporate tax rate to 28% and remove President Donald Trump’s 2017 tax cuts.

Biden recognized Amazon during his speech in Pittsburgh, Pennsylvania last week for not playing federal taxes. The corporate giant is one of many companies that “Use different gaps where they don’t pay a single penny in federal income tax. “

This is not the first time that Amazon has offered support to the Biden administration. Dave Clark, CEO of Amazon Worldwide Consumer, wrote a letter to Biden in January The company would help roll out COVID-19 vaccines.

Follow Jordan Mendoza on Twitter: @jord_mendoza.

Jack

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