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Amazon Backs Biden's Infrastructure Plan, Supports Tax Hikes

Stock MarketsApr 06, 2021 04:38PM ET
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By Yasin Ebrahim

Investing.com - Amazon (NASDAQ:AMZN) on Tuesday threw its weight behind President Joe Biden's infrastructure plan, and the e-commerce giant appears willing to suffer the proposed tax hike to fund the package, saying it was "right time" to make it happen.

Biden last week revealed his $2 trillion plan to rebuild America's roads, bridges, railways and other infrastructure, calling it a “once-in-a-generation" investment.

The costs of the proposal would be funded by a hike in corporate tax revenues raised over 15 years. While the increase in taxes could bite into corporate coffers, Amazon said it was supportive of such a move.

Amazon Backs Biden's Infrastructure Plan, Supports Tax Hikes
 

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Comments (28)
Anthony Anthony
Anthony Anthony Apr 07, 2021 3:07AM ET
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He already got a big tax break out of alimony.
Mike Brarey
Mike Brarey Apr 06, 2021 10:35PM ET
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even China is getting rid of crony capitalists, wake up America
Jose Soberanes
Jose Soberanes Apr 06, 2021 10:17PM ET
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Pure Evil
Rakesh Valecha
Rakesh Valecha Apr 06, 2021 9:34PM ET
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put a wig on his head and he is biden
Mikos Zavros
Mikos Zavros Apr 06, 2021 8:29PM ET
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What does he care about the tax rate? Amazon doesn't pay taxes.
John Ehrensberger
John Ehrensberger Apr 06, 2021 8:27PM ET
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He wants smaller companies to go under...Then Amazon can continue to grow. SMH
ZS Beck
ZS Beck Apr 06, 2021 8:04PM ET
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This guy?No way he wants to pay more tax.
taylor jason
taylor jason Apr 06, 2021 8:02PM ET
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if it's a once ina lifetime investment then why don't you contribute some of your billions towards it bezos?
Silence Dogood
Silence Dogood Apr 06, 2021 7:42PM ET
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Dr. Evil..
Mike ND
Mike ND Apr 06, 2021 6:56PM ET
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If Jeff supports paying more in taxes you can always write the government a bigger check then what you owe.
Brian Lau
Brian Lau Apr 06, 2021 6:56PM ET
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uh... everyone plays by the same tax laws... you too can write the government a bigger check...
Dalton Spiekermann
Dalton Spiekermann Apr 06, 2021 6:07PM ET
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once in a generation. the generation that passed the bill won't be the one paying for it...
Privacy Please
WTIHedge Apr 06, 2021 5:44PM ET
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corporate taxes should go up regardless of "infrastructure" bill. There are so many loopholes the official tax rates are rarely paid.
Show previous replies (3)
Aaron Chaff
AayAayRon Apr 06, 2021 5:44PM ET
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Guess who really pays corporate taxes? That's right, you!
Lisa Parsons
Lisa Parsons Apr 06, 2021 5:44PM ET
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You do know that small business are corporations right? Restaurants, specialty stores ect. They are barely staying afloat with the current taxes, workers comp and employee salaries and benefits. The people supporting this think corporations mean the Amazons and googles. Ever hear of an s-corp or an LLC? Those fall under the same corporate tax hikes.
Bobby Armstrong
Bobby Armstrong Apr 06, 2021 5:44PM ET
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Lisa Parsons LLCs and S-corps di not osy taxes. They are pass through entities, whose members or partners are allocated the taxable income or loss.
Jack Frost
Jack Frost Apr 06, 2021 5:44PM ET
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Aaron Chaff it's all passed in to the consumer
Willard Roberts
Willard Roberts Apr 06, 2021 5:44PM ET
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Benjamin McIntire , why doesnt everyone pay 10%, from the lowest paid person to the richest, no tax breaks for anyone
Willard Roberts
Willard Roberts Apr 06, 2021 5:42PM ET
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Why not, Bezos will just pass the extra expense on to his customers
Roger Miller
Roger Miller Apr 06, 2021 5:32PM ET
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Ask business owners who are still struggling to grow, not those who already have it. When your as rich as him increases in taxes don’t have nearly the same implications.
Roger Miller
Roger Miller Apr 06, 2021 5:32PM ET
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Tax increases will also help to slow down his competition.
Mox Mox
Mox Mox Apr 06, 2021 5:23PM ET
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Amazon sells only sit. they know most people don't bother to return their below standard merchandise
Rick Baier
Rick Baier Apr 06, 2021 5:00PM ET
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So says the CEO who can't even pay his hourly shift workers night differential.
Casador Del Oso
Casador Del Oso Apr 06, 2021 4:58PM ET
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🤣
Notvery Goodathis
Peteymcletey Apr 06, 2021 4:58PM ET
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Amazon gladly accepts destroying more companies for his pursuit of global supremacy.
Notvery Goodathis
Peteymcletey Apr 06, 2021 4:58PM ET
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Taxes they won't pay
Oil Dog
OilDogNewTricks Apr 06, 2021 4:54PM ET
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Bezos endorsing a tax hike that surely will have no material affect on him is laughable. It’s just one more way for him to sabotage small to mid-sized competitors. Proof point, Amazon paid Federal taxes for the first time in 2 years at an effective rate of 1.2%.
Norman Kraker
Norman Kraker Apr 06, 2021 4:52PM ET
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Off course hitting us from both ends, print money like its going out of style now prices will go up & youll get less for your money....why isnt the BLM outraged, the poor oppressed prople it just got it alot worse, you wanted biden you got him and all his corrupt policies in keeping the poor & middleclass right whete they are.
Aleksandr Rogovoy
Aleksandr Rogovoy Apr 06, 2021 4:52PM ET
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yes *******it up, you remember her???
Benjamin McIntire
Benjamin McIntire Apr 06, 2021 4:52PM ET
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1/10 for that bad rant
YNSContracto XETRA
YNSContracto XETRA Apr 06, 2021 4:50PM ET
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My villa in Algiers is very special Residence in bouzariaa So Thx usa
Bac Tinh
Bac Tinh Apr 06, 2021 4:50PM ET
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they didnt pay last year so they are doing the right thing. not being greedy like some of the comments on here
ben sc
ben sc Apr 06, 2021 4:50PM ET
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BOT
Mohammad Zolfali
Mohammad Zolfali Apr 06, 2021 4:47PM ET
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Who gives a ******what Amazon thinks? They will just🤔
Ryan Slater
Ryan Slater Apr 06, 2021 4:46PM ET
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I don't know
 
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