Jeff Bezos criticizes Joe Biden on Twitter over inflation

“Do you want to bring down inflation? Let’s make sure the richest companies pay their fair share,” Biden twitret from his personal account Friday night.

Bezos fired back later Friday with a separate tweet claiming that there is no connection between inflation and corporate tax.

“Raising corporation tax is easy to discuss. Taming inflation is crucial to discuss. Collecting them is just a mistake,” Bezos twitret.
Bezos also said Biden’s tweet should be reviewed by the “Disinformation Board,” an initiative of the Department of Homeland Security and the White House to help curb disinformation, especially on social media platforms.
Biden has previously criticized Bezos’ company. In May 2020, Biden said that Amazon should “start paying their taxes” in an interview with CNBC.

“I do not believe any company, I do not care how big they are, Lord Almighty, absolutely should be in a position where they do not pay taxes and earn billions and billions and billions of dollars,” Biden said. who then ran as a presidential candidate.

Earlier, in the tax years 2017 and 2018, Amazon’s financial records showed that they did not owe money in income tax, and rather expected to receive a tax refund from the federal government.

Amazon said it paid $ 1.7 billion in federal income taxes for the 2020 fiscal year and paid $ 1.8 billion in other federal taxes. It also said it paid $ 2.6 billion in state and local taxes.
The e-commerce giant’s federal income tax bill was estimated at about a third of the corporate tax rate of 21%.
And Bezos himself has been scrutinized for his personal tax bills in the past – ProPublica reported in 2020 that the billionaire did not pay any federal income tax in 2007 and 2011.

– CNN’s Chris Isidore and Brian Fung contributed to this report.

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