Bezos backs Biden's plan

International Desk
7 April 2021, Wed
Published: 11:59 Updated: 12:28

Bezos backs Biden's plan

Jeff Bezos, Owner of Amazon has said he supports raising taxes on US companies.

The comments by the world's richest man come as US President Joe Biden is pushing to raise the corporate rate from 21% to 28%.

The rise would help pay for a massive spending plan to upgrade America's roads, ports, water pipes and internet.

He unveils the proposal saying, Mr. Biden singled out Amazon as an example of a company that pays too little.

Mr. Bezos said Amazon supported Mr. Biden on "focus on infrastructure" and called on Democrats and Republicans to "work together" and reach a compromise. Source: BBC