Jeff Bezos, the founder and CEO of Amazon, released a statement Tuesday afternoon stating that it generally supports President Joe Biden’s desire to invest in infrastructure, along with an increase in the corporate tax rate. But some of the things Bezos does not support in the statement are evident in his absence.
“We support the Biden Administration’s approach to making bold investments in US infrastructure,” Bezos said in a statement on line, supposedly means “Amazon” when it says “us.”
“Both Democrats and Republicans have supported infrastructure in the past, and it’s the right time to work together to make that happen,” Bezos continued.
But Bezos, supposedly worth it $ 193 billion, stopped approving the file specifically $ 2 trillion the infrastructure plan that is currently on the table, rather than choosing to say that there must be concessions “by both parties” in order to do something.
“We recognize that this investment will require concessions from all parties, both on the specific characteristics of what is included and on how it is paid (we support a rise in the corporate tax rate),” Bezos said. “We hope Congress and the Administration will come together to find the right, balanced solution that maintains or improves the competitiveness of the United States.”
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Currently, the highest corporate tax rate is reduced from 21% to 35% by the massive tax bill of the Trump regime, which acted as a deal for millionaires, billionaires, and corporations in 2017. And yet that Bezos says he supports a higher tax rate, he doesn’t specify what altitude.
Big companies aren’t enthusiastic about taxes in general, so it’s no surprise that many other U.S. companies are fighting Biden’s infrastructure plan, though some companies are complaining about U.S. infrastructure, according to a new report from Politician. Large corporations are also backtracking on Treasury Secretary Janet Yellen’s desire to incorporate major rich nations with a minimum corporate tax that would equalize conditions and prevent international companies from shopping for tax havens .
From Politician:
Executives often say they could live on a corporate tax rate of around 25%, which groups like the Business Roundtable previously supported, but only with reinstated restitutions and without much of the international reform.
“I didn’t think 21 percent was the right number when we did a tax reform. And 25 percent is a place where you could probably get a big consensus, “said the CEO of one of the world’s largest financial firms as long as they weren’t named.” It’s not the rate, it’s all the other things that would make us less competitive around the world. And jobs will work if we do those things. “
Everyone wants good roads, fast internet across the country and bridges that don’t fall at random, but big business would like this to happen without paying taxes. Unfortunately, these nice things cannot be achieved without taxes. And anonymous CEOs can say “it’s not the rate” all they want, but the rate. They don’t want to pay higher taxes and will do their best to stop them.