Inflation in the United States is at its highest level in 40 years. Photo by Reuters
Amazon founder Jeff Bezos is targeting U.S. President Joe Biden for a tweet saying inflation could be reduced by taxing wealthy corporations. ‘You want to reduce inflation? Let’s make sure the richest corporation pay your fair share”, Said the presidential tweet.
Joe Biden faced criticism for the highest rate in 40 years that reached 8.3 percent. In this context, Bezos asked the new “Board of Disinformation” of the Biden Administration to review the president’s tweet stating that rising inflation could be controlled by raising corporate taxes.
Jeff Bezos ’company, Amazon, benefited from tax credits and deductions. However, he quoted the tweet to reply: “The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board in its placesaid the former CEO, apparently referring to the Disinformation Governing Board of the Department of Homeland Security.
“It’s okay to talk about raising taxes on corporations. Avoiding inflation is important to discuss. Falling on them is just a wrong direction“, He added.
Although he didn’t specifically call Amazon in that tweet, Biden had previously criticized the company’s tax record. Amazon paid no federal income taxes in 2017 and 2018.
Last week, Bezos also came under attack from the political arc: Bernie Sanders, the most progressive U.S. senator, has intensified in recent weeks. his campaign against Amazon and this Thursday he went even further: he asked the US president, Joe Biden, to remove any help to Amazon for torturing the creation of unions.
At a hearing with the Senate budget committee, Sanders argued that companies like Amazon, which allegedly violates laws that protect workers ’right to organizethey should not get tax benefits and should not receive contracts to work with the federal government.
Amazon has a very strong anti-union history, with votes and controversy for disruption in the organization of workers.
What is the Disinformation Board
Biden, of Delware. Photo by AFP
The Disinformation Board was established last month to combat the spread of disinformation in minority communities and to provide communities with resources and tools to help prevent people from becoming radicalized in violence.
However, the board has received a lot of criticism since it was established before the 2022 midterm elections, in which the presidential party is expected to can have bad results. The Biden administration has been targeted for trying to favor the tables.
The administration has previously said that the war in Ukraine is causing inflation and rising fuel prices even though both significantly high before the Russian invasion.
The Twitter controversy comes as inflation reaches levels not seen in decades, hitting the cost of essential commodities like gas, food and housing. Federal Reserve officials have responded to the problem with two interest increases so far this year. They even promised until inflation dropped to the central bank’s 2% target.
A Labor Department report on Wednesday said the consumer price index rose 0.3 percent in April from a month earlier, an increase of 8.3 percent from a year earlier, compared with an increase. sa 8.5 percent from March.
The Federal Reserve began raising interest rates to curb lending and spend enough to cool inflation after the height of the pandemic.
Source: Clarin
