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Amazon Backs Biden's Infrastructure Plan, Supports Tax Hikes

Published 04/06/2021, 04:29 PM
Updated 04/06/2021, 04:38 PM

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.

Latest comments

He already got a big tax break out of alimony.
even China is getting rid of crony capitalists, wake up America
Pure Evil
What does he care about the tax rate? Amazon doesn't pay taxes.
He wants smaller companies to go under...Then Amazon can continue to grow. SMH
This guy?No way he wants to pay more tax.
if it's a once ina lifetime investment then why don't you contribute some of your billions towards it bezos?
Dr. Evil..
If Jeff supports paying more in taxes you can always write the government a bigger check then what you owe.
uh... everyone plays by the same tax laws... you too can write the government a bigger check...
once in a generation. the generation that passed the bill won't be the one paying for it...
corporate taxes should go up regardless of "infrastructure" bill. There are so many loopholes the official tax rates are rarely paid.
LLCs and S-corps di not osy taxes. They are pass through entities, whose members or partners are allocated the taxable income or loss.
it's all passed in to the consumer
, why doesnt everyone pay 10%, from the lowest paid person to the richest, no tax breaks for anyone
Why not, Bezos will just pass the extra expense on to his customers
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.
Tax increases will also help to slow down his competition.
Amazon sells only sit. they know most people don't bother to return their below standard merchandise
🤣
Amazon gladly accepts destroying more companies for his pursuit of global supremacy.
Taxes they won't pay
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%.
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.
yes *******it up, you remember her???
1/10 for that bad rant
My villa in Algiers is very special Residence in bouzariaa So Thx usa
they didnt pay last year so they are doing the right thing. not being greedy like some of the comments on here
Who gives a ******what Amazon thinks? They will just🤔
I don't know
Amazon will pay 10% more, as they are eating others food 🥑🥝
Who gives a ******what Amazon thinks? They will just pass costs to customers!
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