Amazon founder and CEO Jeff Bezos endorsed President Joe Biden’s focus on building up the country’s infrastructure Tuesday and said the company even supports a corporate tax rate hike to help pay for it. Biden has proposed hiking the U.S. corporate tax rate to 28% from 21% to help pay for his plan, an idea that Republican leaders are panning as harmful to economic growth. Democrats will surely cite support from individual companies to undercut that argument. Bezos was careful not to endorse a specific plan. Rather, he said “we support the Biden Administration’s focus on making bold investments in American infrastructure.” Amazon has long been criticized for paying virtually no federal taxes in the U.S. for years even as it built an e-commerce empire that currently has a market value of $1.6 trillion.
https://www.theday.com/nationworld-news/20210407/amazons-bezos-endorses-higher-corporate-taxes-for-infrastructure