Mon. Jun 21st, 2021

Amazon founder and CEO Jeff Bezos released a statement Tuesday in support of President Joe Biden’s infrastructure plan, dubbed the American Jobs Plan. Months before he steps down as the company’s CEO, Bezos said Democrats and Republicans have supported infrastructure plans and now is the right time to get something “that maintains or enhances U.S. competitiveness.”

“We support the Biden Administration’s focus on making bold investments in American infrastructure,” Bezos said in the statement posted on Amazon’s website. “We look forward to Congress and the Administration coming together to find the right, balanced solution.” Biden said last week that the infrastructure plan, “are investments we have to make.”

The $2 trillion plan aims to not only rebuild the nation’s aging roads, bridges, transit and rail service, but support electric vehicles, clean energy and building more than 2 million affordable homes. White House press secretary Jen Psaki said the administration would like to see the plan approved by Congress in the summer.

Bezos added that the company is supportive of a rise in corporate tax rates, which the plan would do in order to pay for the eight-year spending package. It would raise the corporate tax rate to 28%, eliminating the tax cuts made in 2017 made by President Donald Trump. Biden singled out Amazon last week during address in Pittsburgh, Pennsylvania, for not playing federal taxes, saying the corporate giant is one of many companies that “use various loopholes where they pay not a single solitary penny in federal income tax.”

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