Home Breaking News Amazon’s Jeff Bezos backs Biden’s infrastructure concept, supports ‘a rise in the...

Amazon’s Jeff Bezos backs Biden’s infrastructure concept, supports ‘a rise in the corporate tax rate’

7
0
Amazon’s Jeff Bezos backs Biden’s infrastructure concept, supports ‘a rise in the corporate tax rate’

, USA TODAY
Printed 5: 54 p.m. ET April 6, 2021

CLOSE

Early Newspaper

The White Dwelling is comparing President Joe Biden’s infrastructure proposal to the building of interstate highways and the Dwelling Lag.

USA TODAY

Amazon founder and CEO Jeff Bezos released a press launch Tuesday in enhance of President Joe Biden’s infrastructure concept, dubbed the American Jobs Blueprint.

Months sooner than he steps down as the company’s CEO, Bezos talked about Democrats and Republicans contain supported infrastructure plans and now is the sincere time to acquire something “that maintains or enhances U.S. competitiveness.”

“We enhance the Biden Administration’s heart of attention on making daring investments in American infrastructure,” Bezos talked about in the observation posted on Amazon’s website. “We find out about forward to Congress and the Administration coming together to find the sincere, balanced resolution.”

Biden talked about last week that the infrastructure concept, “are investments we contain got to gain.” 

The $2 trillion concept targets to now no longer most productive rebuild the nation’s aging roads, bridges, transit and rail provider, but enhance electric automobiles, orderly energy and building more than 2 million sensible homes. White Dwelling press secretary Jen Psaki talked about the administration would favor to scrutinize the concept approved by Congress in the summer season.

‘A prolonged-standing, industry-broad enviornment’: Amazon apologizes for denying that drivers pee in bottles

Amazon Care: Amazon’s telehealth provider will lengthen nationwide this summer season

Bezos added that the company is supportive of a rise in corporate tax rates, which the concept would diagram in expose to pay for the eight-yr spending equipment. It would elevate the corporate tax rate to 28%, eliminating the tax cuts made in 2017 made by President Donald Trump.

Biden singled out Amazon last week during address in Pittsburgh, Pennsylvania, for now no longer playing federal taxes, saying the corporate huge is one of many corporations that “use somewhat a style of loopholes where they pay now no longer a single solitary penny in federal income tax.”

Right here is now no longer the first time Amazon has equipped enhance to the Biden administration. Amazon Worldwide User CEO Dave Clark wrote a letter to Biden in January that the company would back with COVID-19 vaccine rollouts

Be aware Jordan Mendoza on Twitter: @jord_mendoza.

Autoplay

Display Thumbnails

Display Captions

Learn or Fraction this legend: https://www.usatoday.com/legend/money/2021/04/06/amazon-jeff-bezos-supports-joe-biden-infrastructure-concept/7113568002/

Source:
Amazon’s Jeff Bezos backs Biden’s infrastructure concept, supports ‘a rise in the corporate tax rate’

LEAVE A REPLY

Please enter your comment!
Please enter your name here