AMAZON founder Jeff Bezos has criticized President Joe Biden for high inflation and threats to tax corporations more.

The Blue Origin CEO took to Twitter on Sunday to express his thoughts on the President’s course of action in trying to tackle high inflation rates.

Amazon founder Jeff Bezos has criticized President Joe Biden for inflation and threats to tax corporations more

1

Amazon founder Jeff Bezos has criticized President Joe Biden for inflation and threats to tax corporations more

“The administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves,” Bezos said.

“Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”

Bezos’ comments were in response to Biden’s tweets on Saturday about reducing the US deficit.

“Under my predecessor, the deficit increased every single year,” the US president wrote. 

Inside Elon Musk & Jeff Bezos' 18-year feud as Amazon titan swipes at rival
Inside Jeff Bezos 'feud' with politician trying to stop billionaire's space plans

“This year, we’re on track to cut the deficit by $1.5 trillion – the biggest one-year decline ever.”

“It matters to families because reducing the deficit is one of the main ways we can ease inflationary pressures.”

The billionaire’s comments came just two nights after he slammed Biden once more for proposing to tax “the wealthiest corporations to pay their fair share.”

“The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non-Sequitur Board instead,” Bezos said.

Most read in Tech

“Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.”

Tax scandal

For years, Bezos and Amazon have been publicly denounced for not paying taxes.

In 2020, Amazon paid just one percent tax to the US government after making more than $13 billion in profits the year before.

Taxpayers were left with just $162million after the online retail giant was allowed to defer $914 million in federal income taxes, according to the company’s filings with the Securities and Exchange Commission.

And the filings show that the books looked even healthier for Amazon the previous year – when its federal tax bill was zero.

Kim Kardashian flaunts her tiny waist in a skintight outfit in new photos
Guard's heroic last act praised as first Buffalo shooting victims named

Between 2014 and 2019, Bezos, himself, only paid a true tax rate of 0.98 percent as his wealth ballooned by $99 billion.

In that same period, he filed just $4.22 billion in reported income, per Forbes.

We pay for your stories!

Do you have a story for The US Sun team?

This post first appeared on Thesun.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Amazon’s Alexa Boss on What Users Are Asking During Covid-19

An element of risk-taking has been part of her career, Toni Reid…

Most powerful solar storm ever recorded ‘struck 14,000 years ago’ and could cause blackouts if it happens again

RESEARCHERS may have discovered evidence of the largest known solar storm. Experts…

Sky customers warned over expensive holiday mistake – it can EASILY happen to any Brit travelling to Europe

SKY customers have been warned over surprise mobile data charges when holidaying…

How to change your name on Facebook

FACEBOOK requires you to use your legal name, but there are circumstances…