Amazon Backs Joe Biden On Tax Hike, Infrastructure Plan

Jeff Bezos made the comment in a statement days after Biden singled out the US technology and e-commerce giant for avoiding income taxes as he proposed to boost the corporate tax rate to 28 percent.

Amazon said Tuesday it supports President Joe Biden's proposal for a corporate tax increase to fund infrastructure improvements, saying it should be part of a "balanced solution that maintains or enhances US competitiveness." Chief executive Jeff Bezos made the comment in a statement days after Biden singled out the US technology and e-commerce giant for avoiding income taxes as he proposed to boost the corporate tax rate to 28 percent. "We support the Biden administration's focus on making bold investments in American infrastructure," Bezos said. "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)."