Amazon CEO Jeff Bezos supports corporate tax hike

WASHINGTON, DC — Amazon founder and CEO Jeff Bezos is endorsing President Joe Biden’s focus on building up the country’s infrastructure and says the company even supports a corporate tax rate hike to help pay for it.

Bezos’ statement was posted on the company’s website.

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It’s notable because it comes after Biden singled out the company for criticism about how much it pays in federal taxes when he recently unveiled his $2.3 trillion infrastructure proposal.

Biden has proposed hiking the U.S. corporate tax rate to 28% from 21% to help pay for his proposal, an idea Republican leaders are panning as harmful to economic growth.

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