Bezos supports Biden’s infrastructure push, backs corporate tax rate hike


Jeff Bezos, the billionaire founder and chief executive of Amazon, who is under scrutiny for his anti-union campaign, said Tuesday that the company supports President Joe Biden’s focus on infrastructure and increasing corporate taxes.

“We support the Biden Administration’s approach to making bold investments in American infrastructure. Both Democrats and Republicans have supported infrastructure in the past and the time is right to work together to make this happen,” Bezos said in a statement.

“We recognize that this investment will require concessions from all sides, both in the specifics of what is included and how it is paid for (we support an increase in the corporate tax rate). We hope that Congress and the Administration will meet. to find the right, balanced solution to maintain or improve America’s competitiveness. “

Biden presented his $ 2 billion infrastructure proposal, called the American Jobs Plan, last month at a carpenter training center in Pittsburgh. The comprehensive plan would create millions of jobs, rebuild 20,000 miles of roads, expand access to clean water and broadband, and invest in elderly care, Biden said.

The proposal, which would run for eight years, would pay for more than 15 years by raising the corporate tax rate from 21 percent to 28 percent, ending the Trump-era tax cuts.

Biden has urged Congress to act on his proposal, arguing that failure to make the investments would weaken the middle class and leave the United States at a competitive disadvantage abroad.

Lawmakers seem to disagree. Sen. Joe Manchin, a moderate Democrat from West Virginia, said he opposes the bill’s provision to increase the corporate tax rate to 28 percent to pay for infrastructure; he said he prefers a 25 percent rate instead. Manchin said several Democrats agree with him.

Support from Amazon, the nation’s second-largest employer, could move the needle. However, the company faces backlash for its attempts to crush unionization efforts at its Whole Foods warehouses and grocery stores.

Biden has spoken out in support of worker organizing, including efforts in Alabama, where Amazon workers in Bessemer are holding a precedent-setting vote to form a union.

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