Jeff Bezos says Amazon supports corporate tax rate hike

Jeff Bezos.
(Image credit: ERIC BARADAT/AFP via Getty Images))

Just last week, President Biden called out Amazon for using loopholes to avoid paying federal income taxes as he explained his goal of raising the corporate tax rate to 28 percent.

As it turns out, Amazon CEO Jeff Bezos is on board with the hike, which the White House says would help pay for Biden's massive new infrastructure proposal. Bezos said the company backs the Biden administration's "focus on making bold investments in American infrastructure" and "we recognize this investment will require concessions from all sides," clarifying that raising the corporate rate is one such sacrifice Amazon is willing to accept.

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Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.