Home Technology Amazon's Bezos once more blasts Biden administration on inflation, says it's most hurtful to the poor

Amazon's Bezos once more blasts Biden administration on inflation, says it's most hurtful to the poor

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Amazon's Bezos once more blasts Biden administration on inflation, says it's most hurtful to the poor

Amazon founder Jeff Bezos arrives for his assembly with British Prime Minister Boris Johnson on the UK diplomatic residence on September 20, 2021 in New York City.

Michael M. Santiago | Getty Images News | Getty Images

Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the least prosperous within the United States, and criticized President Joe Biden for the second time in every week for his feedback on inflation.

“In fact, the administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only Manchin saved them from themselves,” Bezos wrote on Twitter. “Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”

The feedback from Bezos have been in response to a thread by which President Joe Biden claimed the U.S. was on monitor to see its largest yearly deficit decline ever, totaling $1.5 trillion. Biden additionally took purpose at former President Donald Trump, who noticed the deficit “increase every single year” in workplace, he wrote.

On Friday, Bezos known as out President Biden over a tweet that mentioned taxing rich firms might help decrease inflation. Bezos urged the Disinformation Board to evaluate the tweet.

“Raising corp taxes is fine to discuss,” Bezos wrote on Friday. “Taming inflation is critical to discuss. Mushing them together is just misdirection.”

In each situations, the president didn’t explicitly title Amazon, although he has beforehand commented on the e-commerce large’s tax report.

Comments from each President Biden and Bezos come as inflation within the United States sits close to 40-year highs and Federal Reserve officers look to hike rates of interest to fight the difficulty.



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