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Biden Calls For CorporationsTo Pay Fair Share Of Taxes, Top Billionaire Whines

Amazon has paid zero federal taxes by claiming a $129 million rebate on $11 billion in profits. In was one of 60 of some of the largest publicly traded corporations that paid no taxes that year.

Amazon founder Jeff Bezos called on Twitter to investigate a message by Joe Biden after the president tweeted that wealthier corporations should “pay their fair share” of taxes.

Bezos wants Twitter’s “Disinformation Board” to probe Biden’s message because he claimed the president inaccurately linked higher corporate taxes to lowering inflation. He allowed that raising corporate taxes is “fine to discuss.” But linking the taxes to lowering inflation is a “non sequitur,” he insisted.

Higher corporate taxes can in fact lower inflation, according to economists, by tamping down an overheated economy which causes inflation.

More money in the Treasury from corporations could also help provide aid to people suffering in a cooling economy, by expanding or increasing the amount of unemployment benefits, for example.

Inflation has completely overshadowed other positive economic news, including record job growth and a sharp increase in the creation of new businesses.

“Our economy has gone from being on the mend to on the move,” Biden said during his speech, adding later: “Because of the actions we’ve taken, America is in a stronger position to meet this [inflation] challenge than just about any other country in the world.”

In his speech, Biden related a series of steps his administration has taken to lower inflation, from releasing a million barrels of oil a day from the Strategic Petroleum Reserve to trying to crack down on concentration in the meat industry. He pitched the remaining elements of his Build Back Better agenda ― including increasing taxes on the rich, allowing Medicare to negotiate prescription drug prices and spending more on clean energy ― as a way to decrease costs.

Twitter users weren’t in the mood to cut Bezos any slack.