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Amazon CEO Jeff Bezos has come out in support of President Joe Biden’s $2 trillion infrastructure plan, including a possible corporate tax hike.
“We recognize this investment will require concessions from all sides — both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate),” Bezos wrote in a statement shared on Amazon’s Twitter account, calling the plan “a bold investment in American infrastructure.”
A message from Jeff Bezos. https://t.co/ZAcpnaRu6z pic.twitter.com/81AkgVyQke
— Amazon News (@amazonnews) April 6, 2021
Biden introduced last week the first of a massive, two-part infrastructure package known as the American Jobs Plan.
The roughly $2 trillion package is expected to have wide-ranging impacts on the American economy. It includes federal spending to improve the nation’s aging roads, bridges, and ports; clean-energy projects; broadband in rural areas; affordable housing initiatives; and funding for care workers.
Biden described the plan as a “once-in-a-generation investment in America.”
The package would be funded by a corporate tax increase that will offset the cost over a period of 15 years — the tax rate for corporations will increase to 28%, up from 21%. For …read more
Source:: Businessinsider – Tech