Apr 6, 2021 - Politics & Policy

Jeff Bezos says Amazon supports raising corporate tax rate

Bezos testifies
Jeff Bezos testifies at a House Judiciary Subcommittee hearing in July 2020. Photo: Graeme Jennings/Washington Examiner/Bloomberg via Getty Images

Amazon founder Jeff Bezos on Tuesday publicly backed using long-term corporate tax hikes to support President Biden's $2 trillion infrastructure plan.

The big picture: Amazon, one of the world's most valuable companies, was singled out by Biden in a recent speech for not paying federal income tax for several years prior to 2019.

What he's saying: "Both Democrats and Republicans have supported infrastructure in the past, and it's the right time to work together to make this happen," Bezos said in a statement.

  • "We recognize this investment will require concessions from all sides — both on the specifics of what's included as well as how it gets paid for (we're supportive of a rise in the corporate tax rate)."
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