Amazon CEO Jeff Bezos speaks during the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021.
Paul Ellis | Reuters
Biden earlier in the day tweeted: “You want inflation? Make sure the wealthiest corporations pay their fair share.”
Bezos, who the company has benefited from tax credits and deductions, citing the tweet in response: “The newly formed Information Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead.” , the former CEO said, apparently referring to the Department of Homeland Security. Information management board. “Corporate tax hikes are good to discuss. Inflation curbs are important to discuss. Judging them together is just going in the wrong direction.”
The Twitter controversy comes as inflation reaches levels not seen in decades, affecting the cost of essential items like gas, food and housing. Federal Reserve officials have responded to the matter with two rate hikes so far this year. They pledged more until inflation fell to the central bank’s 2% target.