Amazon.com, Inc (NASDAQ: NASDAQ:AMZN) Executive Chairman Jeff Bezos on Friday attacked President Joe Biden for his recent tweet on inflation and corporate taxation.
On Friday, Biden tweeted about curtailing inflation by taxing large corporations in the U.S.
You want to bring down inflation?Let’s make sure the wealthiest corporations pay their fair share.
— Joe Biden (@JoeBiden) May 13, 2022
During my first year in office, American agriculture exports shattered all previous records—$177 billion last year alone.We have to keep investing in our farmers to reduce prices for consumers.
— Joe Biden (@JoeBiden) May 13, 2022
Also Read: Biden Says Inflation Is 'Top Economic Challenge': How He Compares GOP, Democratic Plans
Responding to Biden’s tweet, Bezos said that pointing the finger at corporations was a “misdirection” and the president should be subject to his own Disinformation Board.
The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead. Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection. https://t.co/ye4XiNNc2v— Jeff Bezos (@JeffBezos) May 14, 2022
In April, inflation in the U.S. surged 8.3 percent from a year ago, nearing a decades-long record high.
Records show that Amazon did not pay federal income taxes in 2017 and 2018. According to the ProPublica report, Bezos himself was able to avoid paying federal income taxes in 2007 and 2011.
Photo: Created with an image from jlhervàs on Flickr.
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