Amazon founder Jeff Bezos has accused US President Joe Biden of spreading “disorientation” on Twitter after the president tweeted that wealthy companies should pay their fair share of taxes to reduce inflation.
“Do you want to reduce inflation? Let’s make sure the richest companies pay their fair share,” Biden tweeted from his personal account Friday night.
Bezos later responded on Friday with a tweet of his own claiming there is no link between inflation and corporate taxes.
Do you want to bring down inflation?
Let’s make sure the wealthiest corporations pay their fair share.
— Joe Biden (@JoeBiden) May 13, 2022
“It’s good to discuss raising corporate taxes. Taming inflation is key to discuss. Putting the two together is just a disorientation,” Bezos tweeted.
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
Inflation has been rampant and hurting American consumers, although it has slowed for the first time since August last month.
Bezos also said Biden’s tweet should be reviewed by the “Disinformation Council,” an initiative by the Department of Homeland Security and the White House to help curb disinformation, particularly on social media platforms.
Biden has criticized Bezos’ company before. In May 2020, Biden said that Amazon should “start paying its taxes” in an interview with CNBC.
“I don’t think any company, I don’t give a shit how big they are, Lord Almighty, should absolutely be in a position where they don’t pay taxes and they make billions and billions and billions of dollars,” Biden said. , who was then running for president.
Previously, in fiscal 2017 and 2018, Amazon’s financial records showed that it owed no income tax money and expected to receive a tax refund from the federal government.
Amazon said it paid $1.7 billion in federal income taxes for the 2020 tax year and paid $1.8 billion in other federal taxes. He also said he paid $2.6 billion in state and local taxes.
The e-commerce giant’s federal income tax bill was valued at about a third of the 21% corporate tax rate.
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 taxes in 2007 and 2011.
*Chris Isidore and Brian Fung of CNN contributed to this report.
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