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Biden administration and Mr. Bezos, fierce dispute over inflation and high net worth taxation | Reuters

On May 16th, there was a fierce debate between the US administration of Biden and Jeff Bezos, founder of Amazon.com (pictured), over measures against inflation and taxation for the wealthy. Representative shot in Scotland, UK, November 2021 (2022 Reuters)

[Washington, 16th Reuters]–There is a fierce debate between the US administration of Biden and Jeff Bezos, the founder of Amazon.com, over measures against inflation and taxation for the wealthy.

It was Mr. Bezos who started the game. He accused the public of misunderstandings about inflation this weekend, while President Biden argued that taxing businesses and the wealthy would lower consumer costs.

The White House opposes in an unusual way that names individuals. He argued that Mr Bezos might be trying to protect his own assets and hurt the union. “The president seeks to reduce the cost of living for the middle class, curb long-term prices, and reduce the historic budget deficit by demanding a fair burden on the richest taxpayers and businesses,” Bates said in a statement. It’s easy to understand why one of the richest people in the world opposes it. ” He also noted that it was not surprising that Bezos expressed his opinion after Mr. Biden had met with several union officials, including Amazon employees.

In response, Bezos reiterated in a Twitter post that the Biden administration was trying to distract people from the problems of the big stimulus package that caused inflation, saying, “They are the poorest people in inflation. It is known to have the greatest impact on the economy, but the union and the wealthy are not inflating. “

Mr. Biden aims to increase taxation on wealthy people such as companies and Mr. Bezos. However, a bill that includes such taxation and fiscal spending plans has not yet received the support needed to pass it in Congress.

“It’s great to discuss raising the corporate tax rate, and it’s essential to discuss inflation control, but it’s just irrelevant to mix the two,” Bezos said earlier.