Amazon founder Jeff Bezos slammed Democrat President Joe Biden late Friday evening for trying to connect skyrocketing inflation rates to corporations paying taxes.
The news comes as numbers released this week by the Bureau of Labor Statistics showed that the Consumer Price Index increased 8.3% in April from a year ago, which is higher than the projected 8.1%.
“You want to bring down inflation?” Biden tweeted. “Let’s make sure the wealthiest corporations pay their fair share.”
Bezos responded several hours later, writing: “The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead.”
“Raising corp taxes is fine to discuss. Taming inflation is critical to discuss,” Bezos continued. “Mushing them together is just misdirection.”
Bezos’ remark about “the newly created Disinformation Board” is a reference to the Biden administration’s Disinformation Governance Board that is being run by the Department of Homeland Security.
While Biden did not specifically mention Amazon in his tweet, he has called out the company in the past, saying they “should start paying their taxes.”
“I don’t think any company, I don’t give a damn how big they are, the Lord almighty, should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars,” Biden said two years ago while campaigning to become president.
The Wall Street Journal noted the current wave of high inflation rates has multiple causes that are primarily linked to the coronavirus pandemic.
“Consumers have been flush with savings from government stimulus programs and depressed services spending as a result of restrictions on businesses, leading them to open the spigot for goods that are in scarce supply,” the report said.
The report noted that supply chain disruptions, which have been an issue throughout the pandemic, have worsened with the war in Eastern Europe and China going into lockdown again because of a rise in coronavirus cases.
“Energy prices, including gasoline, have gone up. Truck drivers, seaport slots and warehouse spaces are all in short supply, leading to costly delays and rising shipping rates for goods,” the report continued. “Fewer workers are in the labor market, encouraging those who are working to demand raises. And low interest rates from the Federal Reserve have made borrowing cheaper, making big purchases more attractive.”