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Bezos endorses higher corporate taxes for infrastructure

07 Avril, 2021, 03:26 | Auteur: Therese Cote
  • Saul Loeb Getty Images

Biden has proposed hiking the US corporate tax rate to 28% from 21% to help pay for his plan, an idea that Republican leaders are panning as harmful to economic growth. We recognize this investment will require concessions from all sides - both on the specifics of what's included as well as how it gets paid for (we're supportive of a rise in the corporate tax rate).

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A new poll released Tuesday shows that a large, bipartisan majority of voters in the United States supports President Joe Biden's proposal to spend $2.25 trillion over eight years to upgrade the nation's physical and social infrastructure. Rather, he said "we support the Biden Administration's focus on making bold investments in American infrastructure".

The survey (pdf), conducted by Invest in America and Data for Progress, found that voters support Biden's American Job Plan by a 52 point margin, with 73% of all voters in favor and only 21% opposed.

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The package is expected to have wide-ranging effects on the American economy.

An overwhelming 73% of national likely voters - including 57% of Republicans - support President Biden's American Jobs Plan.

Amazon has always been criticized for paying virtually no federal taxes in the USA for years even as it built an e-commerce empire that now has a market value of $1.6 trillion.

After Biden's plan was proposed last week, the Business Roundtable, an organization that represents CEOs of major U.S. firms, issued a statement strongly opposing the tax increase as a way to pay for the infrastructure plan, saying it would create "new barriers to job creation and economic growth". Last year, it reported paying $1.7 billion in federal taxes on its US income of $20.2 billion, working out to an effective tax rate of about 8%.

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