Inflation in the US: Jeff Bezos says Joe Biden mushing, mistakenly directing taxes to big business, inflation

New York: “You want to break down inflation? Let’s make sure the richest companies pay their fair share “, President of the United States Joe Biden had said in a tweet.

Never one to dance to Amazon founder Jeff Bezos rejected by calling Biden publicly.

“The newly created Disinformation Committee should review this tweet, or perhaps it needs to form a new Non Sequitur Council. The corporate tax hike is good for discussion. Taming inflation is key to discussing. Putting them together is just the thing. a wrong direction, “Bezos, the third richest human in the world after Elon Musk and Bernard Arnault, tweeted.

Bezos’ allusion left little underestimation. That president was “putting together” corporate taxes and “mismanaging” the country.

Inflation in the United States is at its highest since the 1980s, hitting the price of essential goods like gas, food, healthcare and housing.

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In April alone, inflation slowed for the first time in eight months.

Commonly understood explanations are excess demand for goods and services, rising wage and material costs, currency erosion, and Biden’s policies and regulations.

Amazon, the company Bezos founded, paid no federal income taxes in 2017 and 2018.

The company has long been accused of failing to pay its fair share of taxes, a charge it disputes.

Earlier this month, Biden announced the Homeland Security Department’s new disinformation governance committee to combat disinformation in online social media posts.

The White House said the council was “non-party” and “apolitical”, even though Federal Communications Commissioner Brendan Carr described it as “Orwellian” and “unconstitutional”.

Republican officials announced a multi-state lawsuit against DHS and the “non-American” council.

Biden tried to attribute record inflation to his predecessor, Donald Trumpand large companies.

His saga with Bezos never had a predictable moment. Nor, moreover, that of Bezos with Donald Trump.

“We recognize that this investment will require concessions from all parties on both the specifics of what is included and how it is paid (we are in favor of an increase in the corporate tax rate). We look forward to Congress and the ‘administration come together to find the just and balanced solution that maintains or improves the competitiveness of the United States, “Bezos said last year backing Biden’s infrastructure financing plan by raising corporation tax from 21% to 28%. .

But then a number of antitrust and anti-labor issues began to be addressed by US regulators.

In 2016, Jill Biden, then second lady of the United States, drew attention for planting what White House media described as “an embarrassed kiss” on Bezos.

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