“We support the Biden Administration’s focus on making bold investments in American infrastructure,” Bezos said. “Both Democrats and Republicans have supported infrastructure in the past, and it’s the right time to work together to make this happen. 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.”
While it has already drawn some criticism, the Biden administration’s infrastructure plan may be compelling enough to convince more corporate leaders to sign on in support of hiking business taxes.
Bezos said in his statement: “We look forward to Congress and the Administration coming together to find the right, balanced solution that maintains or enhances U.S. competitiveness.”
“The US economy is amazingly resilient,” he said, “and in fact will perform well when you get some of this income redistribution and consumption at an easier and a better place, particularly for lower and middle income.”
–CNN’s Brian Fung and Matt Egan contributed to this report
–Correction: An earlier version of this story misstated the percentage of Amazon’s 2019 income it owed in total US federal income taxes that year.