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The White House and Jeff Bezos cross swords over tax policy

The Biden administration is attacking the founder of Amazon, Jeff Bezos, who is very critical of the fiscal and economic policy of the United States.

A standoff has been observed since Friday between the White House and Jeff Bezos, founder of Amazon. In the line of sight, the fiscal policy wanted by President Joe Biden.

He says one of the reasons for soaring inflation is that wealthy businesses weren’t paying enough tax.

In a tweet, Bezos claimed that linking the two elements is misleading people.

Since then, each side has passed the buck.

“It’s not hard to understand why one of the richest individuals in the world opposes an economic program that (…) asks the wealthiest taxpayers and corporations to pay their fair share“, said Andrew Bates, deputy spokesman for the United States executive, on Monday.

“Increasing taxes on companies, we can discuss it. Fighting inflation, it is urgent to discuss it. To mix the two is to mislead people.”

Jeff Bezos

Founder of Amazon

“It’s also no surprise that this tweet comes after the president met with union leaders, including Amazon employees.”

Bezos’ retort: ​​’Unions don’t cause inflation any more than rich people’.

Andrew Bates was referring to a recent meeting at the White House in the presence of Christian Smalls, president of the Amazon Labor Union (ALU), which created a surprise in early April by becoming the company’s very first union in the United States. Joe Biden had briefly invited himself to this meeting and his services broadcast a short video of the American president giving the hug to the union leader, wearing a jacket adorned with the slogan “Eat the rich”.

Who is wrong?

Jeff Bezos therefore opposes the Bill “Build Back Better” aimed at increasing the tax burden on large fortunes and multinationals to finance its spending on education, child care and the fight against climate change.

“The administration tried to add $3.5 trillion in federal spending. It failed, but if it had succeeded inflation would be even higher than today when it is already at its highest. in 40 years.”

“The administration tried to add $3.5 trillion in federal spending. It failed, but if it had succeeded, inflation would be even higher than today when it is already at its highest. high in 40 years.”

For Larry Summers, economist and former treasury secretary under the Clinton era – who last year criticized Biden for seeking to secure a major Covid-19 debt relief bill at the risk of worsening inflation – Bezos said wrong. “It is perfectly reasonable to believe […] that we should raise taxes to reduce demand in order to contain inflation and that the increases should be as gradual as possible”.

Trump before

Second world fortune, Jeff Bezos has a nebulous relationship with the presidency. A generous donor to both Democrats and Republicans, he hailed Biden’s victory over Trump in 2020.

But the towel has been burning between the two men since the “antitrust” investigations carried out by the Biden administration against Amazon and the presidential support for the unionization campaign at the e-commerce giant.

In 2018, Bezos also crossed swords with Donald Trump. Then president of the United States, the latter was also worried about the level of taxes paid by the billionaire.

“I raised my concerns about Amazon long before the election. Unlike others, they pay little or no taxes to local or federal governments and treat our postal system as their delivery man (causing huge losses in the United States) and causing the closure of thousands of businesses!”, then accused the American president in one of his tweets.

A spokeswoman for the White House had tried to calm the storm by reassuring that no measure was envisaged. The two men had also insulted each other on numerous occasions during the 2016 presidential campaign.

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