- Jeff Bezos is once again criticizing President Biden for inflation, which is still close to a 40-year high.
- “The government has struggled to inject even more stimulus into an already overheated inflationary economy,” Bezos tweeted Sunday.
- Biden proposed that taxing large corporations more could reduce inflation, which Bezos disagreed with earlier this week.
Jeff Bezos is once again on Twitter to criticize President Joe Biden for his manipulation of high rates of inflation.
On a tweet Posted on Sunday, Bezos said the stimulus was partly responsible for inflation, which slowed in April for the first time in eight months but remains close to 40-year highs. The Amazon billionaire founder’s criticism came just days after he disputed a separate tweet from Biden that called for tax increases on large corporations to help alleviate inflation.
“In fact, the government has struggled to inject even more stimulus into an already overheated inflationary economy and only Manchin saved them from themselves,” Bezos said on Sunday. “Inflation is a regressive tax that most harms the less wealthy. Bad guidance does not help the country.”
Bezos’ comments came after Biden tweeted Saturday that reducing the US deficit will help alleviate inflation.
“Under my predecessor, the deficit increased every year,” Biden I wrote. “This year, we are on track to reduce the deficit by $1.5 trillion – the biggest one-year decline ever. “.
Bezos’ tweet on Sunday marked the second time in just a few days that he has spoken out against Biden on the social platform. On Friday, he accused Biden from spreading disinformation after the president took to Twitter to propose reducing inflation, ensuring that “the richest corporations pay their fair share.”
“The newly created Council of Disinformation should review this tweet, or maybe they need to form a new Council of Non Sequitur,” Bezos answered. “Raising corporate taxes is good to discuss. Taming inflation is key to discussing. Bundling them is just a misdirection.”
Both Amazon and Bezos have long been criticized for not paying taxes, including by Biden. Amazon paid no federal income taxes in 2017 and 2018, while Bezos himself paid no federal income taxes in 2007 and 2011, ProPublica reported last year. It is worth $137 billion, according to the Bloomberg Billionaires Index.
In 2019, Biden tweeted, “I have nothing against Amazon, but no company that makes billions of dollars should pay a lower tax rate than firefighters and teachers. We need to reward work, not just wealth.”
Amazon responded at the time saying it had paid $2.6 billion in corporate taxes since 2016.
“We pay every penny we owe”, the company he said on twitter. “Congress created tax laws to encourage companies to reinvest in the US economy. We have $200 billion in investments since 2011 and 300,000 US jobs. Suppose Vice President Biden’s complaint is with the tax code, not with the Amazon.”