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President Joe Biden tweeted that taxing wealthy companies could help curb inflation.
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Amazon’s Jeff Bezos said “merging” inflation and raising corporate taxes was “misleading.”
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Inflation in the US has reached its highest level since the 1980s.
Amazon Executive Chairman Jeff Bezos went after President Joe Biden on Friday for his tweet about curbing inflation by taxing large corporations.
“Do you want to cut inflation? Let’s make sure the richest companies pay their fair share,” Biden said in a statement tweet Friday evening.
The Amazon Billionaire retweeted the president and suggested that the tweet could be considered disinformation.
“The newly created Disinformation Board should review this tweet, or maybe they should form a new Non Sequitur Board instead,” Bezos said, apparently referring to Homeland Security’s recently announced Disinformation Governance Board.
“Raising corporate taxes is fine to discuss. Taming inflation is critical to discussing. Putting them together is just deception,” Bezos continued.
Inflation in the US has reached its highest level since the 1980s, affecting the price of essential goods such as gas, food, healthcare and housing. In April, inflation fell for the first time in eight months.
As Insider previously reported, some of the most common causes of inflation are excessive demand for goods and services, rising costs of wages and materials, currency devaluation, and policies and regulations.
Amazon, the company Bezos founded, has long been accused of not paying taxes fairly. The company paid no federal income taxes in 2017 and 2018.
Bezos, one of the world’s richest people, personally paid nothing in federal income taxes in 2007 and 2011, ProPublica reported last year.
The White House did not immediately respond to Insider’s request for comment.
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