Extremalby
Menu
  • Business
    • Entrepreneurship
    • Personal Finance
  • Entertainment
    • Books
    • Celebrity
    • Music
    • TV
  • Sports
    • Golf
    • NCAAB
    • SOCCER
  • Technology
    • Artificial intelligence
    • Internet
    • Mobile
  • Contact Us
  • About Us
  • Important Links
    • Cookie Policy US
    • DMCA
    • Terms and Conditions
    • Privacy Policy
Menu
Amazon's Bezos criticizes Biden admin, says inflation hurts the poor

Amazon’s Bezos criticizes Biden admin, says inflation hurts the poor

Posted on May 15, 2022 by mangakiko

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence on September 20, 2021 in New York City.

Michael M. Santiago | Getty ImagesNews | Getty Images

Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the least affluent in the United States, and criticized President Joe Biden for the second time in a week for his comments on inflation.

“In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves,” Bezos wrote on Twitter. “Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”

The comments from Bezos were in response to a thread in which President Joe Biden claimed the US was on track to see its largest yearly deficit decline ever, totaling $1.5 trillion. Biden also took aim at former President Donald Trump, who saw the deficit “increase every single year” in office, he wrote.

On Friday, Bezos called out President Biden over a tweet that said taxing wealthy corporations can help lower inflation. Bezos urged the Disinformation Board to review the tweet.

“Raising corp taxes is fine to discuss,” Bezos wrote on Friday. “Taming inflation is critical to discuss. Mushing them together is just misdirection.”

In both instances, the president did not explicitly name Amazon, though he has previously commented on the e-commerce giant’s tax record.

Comments from both President Biden and Bezos come as inflation in the United States sits near 40-year highs and Federal Reserve officials look to hike interest rates to combat the issue.

.

Share this:

  • Twitter
  • Facebook
  • More
  • Reddit
  • Pinterest
  • Telegram
  • WhatsApp

Related

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Best Forex Trading Market Internationally
  • All Essential Tips About Forex Trading
  • How to Invest In Forex Trading in 2023
  • The importance of modern forex levels today 2022
  • What about forex trading and how to deal with it step by step?

Recent Comments

No comments to show.

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • June 2022
  • May 2022

Categories

  • Artificial intelligence
  • Books
  • Business
  • Celebrity
  • Entertainment
  • Entrepreneurship
  • Environment
  • forex
  • Golf
  • Internet
  • Mobile
  • Music
  • NCAAB
  • Personal Finance
  • Physics
  • SOCCER
  • Sports
  • Technology
  • TV
©2023 Extremalby | WordPress Theme by Superbthemes.com