White House reacts to Amazon's Bezos after Biden fights inflation.
The swap began on Friday when Biden tweeted, without directly referring to Amazon, "Do you want to bring inflation down? Let's make sure the richest companies pay their fair share." In response to Biden's tweet, Bezos...
Updated: 49 months ago2 min read
Given his immense wealth.
The swap began on Friday when Biden tweeted, without directly referring to Amazon, "Do you want to bring inflation down? Let's make sure the richest companies pay their fair share."
In response to Biden's tweet, Bezos accused him of being "misleading" and argued that there was no link between inflation and corporate taxes. Bezos wrote: "Corporate tax increases are good for discussion. Taming inflation is significant for discussion. However, combining them is the wrong direction."
Consumer inflation rose faster than expected in April by 8.3%, above the Dow Jones forecast of 8.1%, and near its highest level in more than 40 years.
Bezos continued to criticize the Biden administration's handling of inflation on Sunday. He said the $1.9 trillion US bailout plan signed by Biden last March helped boost inflation. Bezos also argues that inflation hurts the poor the most.
In a statement, White House spokesman Andrew Bates said that "it doesn't take a big leap to find out why." The world's second-richest person, Bezos, will oppose Biden's proposals to raise taxes on the super-rich and raise corporations.
"It's also not surprising that this tweet came after the president met with union officials, including Amazon workers," Bates said.
"You know inflation hurts those who need it most," Bezos wrote. "But unions don't cause inflation, and neither do the rich.
Earlier this month, Biden appeared at a meeting with union organizers, including Chris Smalls, president of the Amazon Trade Union. This mob group managed to set up an Amazon warehouse on Staten Island in New York in April, marking the company's first union. E-Commerce in the United States.
The Twitter row was the first public confrontation between Bezos and Biden. Former President Donald Trump frequently targeted Bezos during his tenure. Trump has criticized Amazon for using the US Postal Service and falsely claimed that the Washington Post, which Bezos owns, is a "lobbyist" for the online retail giant.
Although Biden did not specifically mention Amazon in his tweet on Friday, he has repeatedly criticized the company's tax history. Amazon has benefited significantly from tax credits and deductions, and the company paid no federal income taxes in 2017 and 2018 in the United States. Given his immense wealth.
Biden also recently expressed support for Amazon's union efforts. Speaking at a national union conference, he appeared to be stepping up efforts to set up Amazon warehouses, saying: "The choice to join a union rests solely with the workers. By the way, Amazon, here we come."

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