Amazon founder Jeff Bezos today endorsed the Biden administration’s call for a higher corporate tax rate to help pay for the nation’s crumbling infrastructure.
In a statement posted on his company’s website, Bezos noted that historically both Democrats and Republicans have called for additional infrastructure spending — federal money for everything from bridges to high-speed internet. Then, he added, American companies should help pay for it.
“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),” he wrote.
The news comes a week after President Joe Biden twice mentioned the company by name in a speech touting his $100 billion infrastructure plan, saying U.S. companies such as Amazon “use various loopholes so they pay not a single solitary penny in federal income tax.”
“A fireman, a teacher paying 22% — Amazon and 90 other major corporations paying zero in federal taxes? I’m going to put an end to that,” he added.
Amazon also remains under public and government scrutiny on several fronts: antitrust issues, corporate tax avoidance, and the working conditions of its lowest-paid employees. Currently, Amazon warehouse workers in Bessemer, Ala., are waiting for the final count on a vote to unionize. It would be the first unionized workforce at the online retail and cloud-computing giant.
A preliminary result is expected later this week or early next week. Amazon has fought the Retail Wholesale and Department Store Union’s efforts to organize the nearly 6,000 workers there.