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You are here: Home / Amazon backs corporate tax hike to pay for infrastructure

Amazon backs corporate tax hike to pay for infrastructure

Amazon CEO Jeff Bezos Jeffrey (Jeff) Preston Bezos The case for a billionaires income tax Dems look to keep tax on billionaires in spending bill Matt Stroller: Amazon’s Bezos likely lied under oath before Congress MORE announced on Tuesday that the company is supportive of raising the corporate tax rate to pay for President Biden Joe Biden Overnight Energy & Environment — Presented by American Clean Power — Methane fee faces negotiations White House rejects latest Trump claim of executive privilege The No Surprises Act:  a bill long overdue MORE 's infrastructure package. Bezos released a statement that he supports the administration's focus on infrastructure and that "it's the right time to work together" to pass a package. "We recognize this investment will require concessions from all sides — both on the specifics of what's included as well as how it gets paid for (we're supportive of a rise in the corporate tax rate)," Bezos said. ADVERTISEMENT A message from Jeff Bezos. https://t.co/ZAcpnaRu6z pic.twitter.com/81AkgVyQke — Amazon News (@amazonnews) April 6, 2021 Biden's proposed $2.25 trillion infrastructure package would increase the corporate tax rate to 28 percent and establish a minimum global tax. The 2017 GOP tax law lowered the corporate tax rate… Read full this story

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