Jeff Bezos Backs Corporate Tax Hike

[kpete]

Amazon founder Jeff Bezos publicly backed using long-term corporate tax hikes to support President Biden’s $2 trillion infrastructure plan, Axios reports.
https://www.axios.com/jeff-bezos-amazon-corporate-tax-rate-1f42bfd1-8eff-4b35-88bd-47d6d687cc5b.html

[True Dough]

1. Story is lacking figures

Has there been discussion of how high the tax hikes will be and on what sort of timeline?

[MisterNiceKitty]

3. According to MSNBC today Biden wants an increase from 21% to 28%

Note: that Joe Manchin supports a smaller increase to 25%

https://thehill.com/homenews/senate/546494-manchin-says-he-wont-support-corporate-tax-hike-to-28-percent

Glad to see there's public support for a tax hike to pay for the infrastructure bill from one of the world's gazillionairres

[True Dough]

4. Thanks for that detail

Jeez, 28% is still historically low. That shouldn't be opposed, except by corporations and ReThugs.

[kimbutgar]

2. People who have more money o their,pockets can buy more goods and services from Amazon

At least Bezos knows this!

[nuxvomica]

5. Bezos needs good infrastructure to make money

I think a lot of corporate leaders may be coming around to the understanding that their taxes are an investment. Meanwhile, the Republicans are still playing kids' games.