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Bezos backs Biden’s infrastructure push, backs corporate tax rate hike

Jeff Bezos, the billionaire founder and CEO of Amazon, who is under scrutiny for the company’s anti-union campaign, said on Tuesday that the company supports President Joe Biden’s focus on infrastructure and supported an increase in the corporate tax rate.

“We support the desire of the Biden administration to make bold investments in American infrastructure. Democrats and Republicans have supported infrastructure in the past and now is a good time to work together to make this happen, ”Bezos said in a statement.

“We recognize that this investment will require concessions from all sides – both on the details of what is included as well as how it is paid (we are in favor of an increase in the corporate tax rate). We look forward to Congress and the administration coming together to find the right balanced solution that maintains or enhances the competitiveness of the United States. ”

Biden presented his $ 2 trillion infrastructure proposal, called the American Jobs Plan, at a carpenter training center in Pittsburgh last month. The radical plan would create millions of jobs, rebuild 20,000 kilometers of roads, expand access to clean water and broadband, and invest in care for the elderly, the president said.

The proposal, which would be spent over eight years, would be paid for over 15 years by raising the corporate tax rate from 21% to 28%, ending Trump-era tax cuts.

Biden urged Congress to follow through on his proposal, arguing that not making the investments would help weaken the middle class and leave the United States at a competitive disadvantage abroad.

However, lawmakers appear to disagree with the proposal. For example, Senator Joe Manchin, a moderate Democrat from West Virginia, said he opposed the bill raising the corporate tax rate to 28% to pay for infrastructure; he said he preferred a 25 percent rate instead. Manchin noted that a handful of other Democrats agreed with him.

Support from Amazon, which is the country’s second-largest employer, has the potential to make a difference. However, the company is facing backlash as a result of its attempts to crush union organizing efforts at its warehouses and Whole Foods grocery stores.

Biden has spoken out in favor of organizing workers, including in Alabama, where Amazon workers in Bessemer are in the midst of a precedent-setting vote to form a union.

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