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Bezos endorsed higher corporate tax rates. But it won't cost him much

A year ago, Joe Biden, then the presumptive Democratic nominee for president, was picking a fight with Amazon over how little it paid Uncle Sam. Now Biden is president, and Amazon CEO Jeff Bezos is on a lonely island supporting the White House's plan -- to raise corporate taxes.


Amazon’s Bezos supports infrastructure bill, corporate tax hike

By Matt Day and Spencer Soper | Bloomberg Amazon.com’s Chief Executive Officer Jeff Bezos said he supported investing in U.S. infrastructure and a hike in the corporate tax rate to help pay for it. Weighing in as lawmakers debate the Biden administration’s $2.25 trillion infrastructure plan, the Amazon founder said his company backs “making bold investments in American infrastructure,” but stopped short of endorsing the president’s proposal. “We recognize this investment will require concessions...
Tags: Amazon, Twitter, Business, Taxes, Obama, Congress, White House, Sport, Joe Biden, Soccer, Jeff Bezos, Biden, Southern California, Forbes, Bezos, Jay Carney


Jeff Bezos Comes Out in Support of Increased Corporate Taxes

As the White House considers raising taxes on corporations for the first time in more than 25 years, the head of one of America's largest companies is backing such a plan. From a report: Amazon CEO Jeff Bezos said in a statement Tuesday that the company is "supportive of a rise in the corporate tax rate." Bezos said, "We support the Biden Administration's focus on making bold investments in American infrastructure. Both Democrats and Republicans have supported infrastructure in the past, and it'...
Tags: Amazon, White House, America, Tech, Joe Biden, Warren, Jeff Bezos, Biden, Bezos, Sen Elizabeth Warren, Biden Administration


Lyft President joins Amazon in supporting a higher corporate tax rate to pay for Biden's $2 trillion infrastructure plan

Lyft's John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft cofounder John Zimmer voiced support for Biden's $2 trillion infrastructure plan. He also backed the proposed 28% corporate tax rate that would help fund it. Lyft is now one of the first public companies to support the increased taxes, joining Amazon. See more stories on Insider's business page. Lyft president and cofounder John Zimmer voiced his support for President Joe Biden's pr...
Tags: Amazon, Transportation, Lyft, Politics, News, US, America, Trends, Joe Biden, Cnn, New Orleans, Jeff Bezos, Biden, Zimmer, Ride-sharing, John Zimmer


Bezos supports increased corporate taxes

As the White House considers raising taxes on corporations for the first time in more than 25 years, the head of one of America's largest companies is backing such a plan.
Tags: News, White House, America, Stories, Bezos


Bernie Sanders tells Elon Musk to 'focus on Earth' and pay more tax rather than spend his wealth on space travel

Elon Musk. Britta Pedersen-Pool/Getty Images Bernie Sanders responded to Elon Musk's claim that he needs his vast wealth to fund interplanetary space travel. Sanders said "we need to focus on earth" and called for a progressive tax system. Sanders was responding to Musk's claim that "I am accumulating resources to help make life multiplanetary and extend the light of consciousness to the stars." See more stories on Insider's business page. Senator Bernie Sanders has responded t...
Tags: Amazon, Spacex, Elon Musk, Politics, News, US, America, Trends, Tesla, Bloomberg, Mars, Jeff Bezos, Bernie Sanders, Musk, Sanders, Bezos


10 Things in Politics: White House links Trump anti-Asian rhetoric to violence

Law enforcement outside a massage parlor where a person was shot and killed on March 16, 2021, in Atlanta, Georgia. ELIJAH NOUVELAGE/AFP via Getty Images Good morning! Welcome back to 10 Things in Politics. Sign up here to get this newsletter in your inbox each day. Send your tips and suggestions to [email protected] or tweet me @BrentGriffiths. Here's what you need to know:Top Democrats blame Trump and others for the spike in crimes against Asian Americans.These are the 14 Rep...
Tags: Amazon, Politics, Texas, Washington, Senate, White House, China, US, America, Trends, Atlanta, Georgia, Nasa, Beijing, Pennsylvania, Gop


Bernie Sanders rips into Jeff Bezos: 'You are worth $182 billion ... why are you doing everything in your power to stop your workers' from unionizing?

MARK RALSTON/AFP via Getty/Jim Watson/Pool via REUTERS Bezos declined Sanders' invitation to testify at a hearing, but the senator had harsh words for him. Sanders criticized Amazon's countering of a union drive in Alabama despite the CEO's record wealth. The hearing included testimony from a pro-union worker at Amazon's Bessemer warehouse. See more stories on Insider's business page. At a hearing on Wednesday morning, Sen. Bernie Sanders spoke critically about Amazon ...
Tags: Amazon, Elon Musk, Politics, News, Unions, Labor, Alabama, America, Trends, Joe Biden, Retail, Jeff Bezos, Biden, Bernie Sanders, Musk, Bessemer


Bernie Sanders rips into Jeff Bezos: 'You are worth $182 billion ... why are you doing everything in your power to stop your workers' unionizing?

MARK RALSTON/AFP via Getty/Jim Watson/Pool via REUTERS Bezos declined Sanders' invitation to testify, but the senator had harsh words for the CEO. The senator criticized Amazon countering a union drive in Alabama amid the CEO's record wealth. The hearing included testimony from a pro-union worker at Amazon's Bessemer warehouse. See more stories on Insider's business page. At a hearing on Wednesday morning, Sen. Bernie Sanders spoke critically about Amazon CEO Jeff Bezos, w...
Tags: Amazon, Elon Musk, Politics, News, Unions, Labor, Alabama, America, Trends, Joe Biden, Retail, Jeff Bezos, Biden, Bernie Sanders, Musk, Bessemer


Amazon billionaire Jeff Bezos has turned down an invite from Bernie Sanders to testify before the Senate about income inequality

Sen. Bernie Sanders, left, invited Amazon CEO Jeff Bezos, right, to appear before the Senate Budget Committee. Getty Images Billionaire Jeff Bezos has snubbed Bernie Sanders' invite to testify before the Senate on inequality. At the hearing, an Amazon employee who is part of a unionization push is scheduled to speak. Sanders criticized Bezos for not attending and for trying to prevent workers from unionizing. See more stories on Insider's business page. Amazon CEO Jeff Bezos has tu...
Tags: Amazon, Politics, News, Senate, Alabama, America, Trends, Cnn, News UK, Unionization, Jeff Bezos, Inequality, Bernie Sanders, Bessemer, Sanders, Bezos


Elon Musk would have paid $4.6 billion in 2020 under Warren's wealth tax proposal, data shows

Tesla and SpaceX CEO would be hit heavily by the tax. PETER PARKS/AFP via Getty Images Musk would have paid $4.6 billion in 2020 under Warren's "ultra-millionaire" plan, tax groups said. The Tesla and SpaceX CEO was worth at least $150 billion at the end of 2020. Musk plans to use his fortunes to fund a future colony on Mars. Visit the Business section of Insider for more stories. Elon Musk would have paid $4.6 billion in 2020 under proposals for an "ultra-millionaire" tax, data from tax g...
Tags: Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, Politics, Microsoft, Massachusetts, Elizabeth Warren, US, Los Angeles, Trends, Tesla, Tax, Bloomberg, Joe Biden


10 Things in Politics: Mayor Pete's trying to make DOT cool

Transportation Secretary Pete Buttigieg. Alex Wong/Getty Images Good morning! Welcome back to 10 Things in Politics. We have an incredible range of exclusive reporting from my colleagues today. I'm Brent Griffiths. Don't miss the best of Insider's political coverage! Sign up here to get this newsletter in your inbox each day.Send your tips and thoughts to [email protected] or tweet me @BrentGriffiths.Here's what you need to know:Inside Secretary Pete's quest to make the Transportati...
Tags: Transportation, Elon Musk, Politics, New York, Congress, Colorado, Washington, Senate, White House, Iraq, US, Newsletter, Trends, Getty Images, Wyoming, Iowa


Here's how much tax Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg would pay under Warren's proposed wealth tax

Amazon CEO Jeff Bezos and Microsoft cofounder Bill Gates. Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images US billionaires would have paid $114 billion in 2020 under Warren's proposed wealth tax, research suggests. The 15 richest Americans would contribute about a third of the "ultra-millionaire" tax, two tax groups said. The groups calculated how much tax Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg would pay under the plan. Visit the Business section of Insider...
Tags: Amazon, Facebook, Mark Zuckerberg, Elon Musk, Politics, Taxes, Microsoft, Massachusetts, Elizabeth Warren, US, Trends, Joe Biden, Economy, Features, Billionaires, Bill Gates


What happened last week? Elon Musk moved markets, Jeff Bezos announced his departure, and the Obamas said they were making new content for Netflix.

Elon Musk and Jeff Bezos. John Locher/AP and Odd Andersen/AFP via Getty Images What happened last week? Elon Musk moved markets with his tweets. Jeff Bezos announced he was stepping down as Amazon CEO.  Netflix and the Obamas announced new projects. Visit the Business section of Insider for more stories. What happened last week?  Elon Musk moved markets with his tweets  Tesla CEO Elon Musk. PETER PARKS/AFP via Getty Images In the days after Tesla CEO Elon Musk told his 44.8 million...
Tags: Amazon, Elon Musk, News, Obama, China, Ipo, US, Barack Obama, Trends, Tech, Tesla, Joe Biden, Netflix, Beijing, Michelle Obama, Crypto


Amazon just lost its bid to require in-person voting for a union election in Alabama

Amazon warehouse worker. Alistair Berg/Getty Images Alistair Berg/Getty Images Amazon's bid to require in-person votes in union election in Alabama was denied by the NLRB.  Thousands of workers in Alabama will soon begin mailing in ballots for the election. If successful, the union would be Amazon's first in the United States.  Visit the Business section of Insider for more stories. The National Labor Relations Board on Friday denied Amazon's request to require in-person voting for a union...
Tags: Amazon, Politics, News, Washington Post, US, Alabama, Trends, Walmart, Workers, United States, Unionization, Jeff Bezos, Warehouse, National Labor Relations Board, Nlrb, Amazon Web Services


10 Things in Politics: What Sen. Patrick Leahy's health scare shows

Sen. Patrick Leahy Alex Wong/Getty Images Good morning! Thank you for joining us for our first week of 10 Things in Politics. I'm Brent Griffiths. Sign up here to get this newsletter in your inbox each day.Send me your tips, thoughts to [email protected] or tweet me @BrentGriffiths. President Biden and first lady Jill Biden paid their respects last night to slain Capitol Police Officer Brian Sicknick, who was killed during the Capitol riot. Sicknick will continue to lie in honor in the...
Tags: Amazon, Transportation, Education, Putin, Obama, Washington, Mexico, Senate, White House, Massachusetts, Russia, Alabama, West Virginia, Trends, Reagan, Cnn


Big Tech rejoiced over Biden's inauguration day promises on immigration and climate change - but Mark Zuckerberg and Elon Musk were notably silent

President Joe Biden waves after being sworn in during his inauguration on the West Front of the U.S. Capitol on January 20, 2021 in Washington, DC. Jonathan Ernst/Getty Images Joe Biden was sworn in as President of the United States on Wednesday. Big Tech leaders gave public statements congratulating Biden and Vice President Kamala Harris. They welcomed Biden's policies on climate change and immigration, in particular. Visit Business Insider's homepage for more stories. As Biden was sworn ...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, Elon Musk, Cook, Microsoft, Congress, Washington, White House, US, America, Barack Obama, Trends, Tesla


Amazon has reportedly been accused by the NLRB of illegally threatening and firing a worker who pushed for sick pay

An Amazon worker delivers packages Reuters Amazon has been accused by the National Labor Relations Board of illegally firing a working who pushed for better working conditions, BuzzFeed News reported Friday. Amazon fired Courtney Bowden in March after she advocated for sick pay for part-time workers. Multiple legal challenges have been brought against Amazon over its firings of whistleblowers who have spoken out about working conditions at the company during the pandemic. Amazon, meanwhile...
Tags: Amazon, Transportation, Politics, New York, News, Trends, Retail, Jeff Bezos, Illinois, Wall Street Journal, National Labor Relations Board, Nlrb, Business Insider, Working Conditions, Bezos, BuzzFeed News


Jeff Bezos congratulates president-elect Biden, saying Americans 'proved again our democracy is strong'

Jeff Bezos (right) talks to Donald Trump (left) at a White House technology roundtable in 2017. REUTERS/Carlos Barria Jeff Bezos congratulated Joe Biden and Kamala Harris on their Presidential win Saturday.  In an Instagram post, the Amazon founder said President Trump's loss proves "unity, empathy, and decency are not characteristics of a bygone era." Biden's win is likely a mixed result for Amazon, which stands to lose from Democratic-led regulation, but has also dealt with very public a...
Tags: Amazon, Politics, Instagram, Microsoft, Congress, Washington Post, Senate, White House, US, Trends, Joe Biden, House, Paris, Bill Gates, Postal Service, Jeff Bezos


The $10B JEDI contract is locked, loaded and still completely stuck

The other day I took a moment to count the number of stories we’ve done on TechCrunch on the DoD’s $10 billion, decade-long, winner-take-all, JEDI cloud contract. This marks the 30th time we’ve written about this deal over the last two years, and it comes after a busy week last week in JEDI cloud contract news. That we’re still writing about this is fairly odd if you consider the winner was announced last October when the DoD chose Microsoft, but there is no end in sight to the on-going drama th...
Tags: Amazon, Cloud, Enterprise, Microsoft, Drama, Washington Post, Government, White House, Tech, Aws, RFP, Jeff Bezos, Oracle, Trump, Dod, GAO


Trump's socialist moment(s)

Hello, everyone! Thanks for reading. A brief note to say that this will be our last edition of "Insider Today" for a while.Our intrepid leader, David Plotz, has concluded his six-month break from entrepreneuring and has settled on his next adventure, which will be launching a cool new podcast company (Details from him soon!). David will continue to host the "Political Gabfest" each week, so you can keep up with his commentary there. Our op-ed columnists Linette Lopez and Anthony Fisher will cont...
Tags: Amazon, Politics, Science, News, Guns, Climate Change, Washington Post, Opinion, White House, China, Angela Merkel, US, America, Trends, David, Gop


Donald Trump is losing his tech war with China

President Donald Trump with Chinese Vice Premier Liu He after signing "phase one" of the US-China trade agreement at the White House, January 15, 2020. Reuters The Trump administration has tried to mount a full-court press on China, ramping up its anti-China rhetoric and increasing their military, economic, and diplomatic pressure on Beijing.But the US is losing to China in two important areas — economics and technology — and it's a change that has been a long time coming, writes author and...
Tags: Apple, Google, Amazon, Hong Kong, Japan, Sweden, Microsoft, Washington, White House, China, US, Samsung, America, Trends, Analysis, Fbi


It's time to take Trump seriously, figuratively, and literally

Hello, everyone! Welcome to the new edition of Insider Today. Please sign up here. QUOTE OF THE DAY "Democracy is not a state. It is an act, and each generation must do its part to help build what we called the Beloved Community, a nation and world society at peace with itself," — the late John Lewis. He left the New York Times a posthumous essay to be published the day of his funeral. WHAT'S HAPPENING GDP plunged at an annualized rate of 33% in the second quarter, by far a record drop. T...
Tags: Apple, Google, Amazon, Facebook, Florida, Congress, Colorado, Navy, Washington, White House, US, Trends, Joe Biden, Gop, New York Times, Silicon Valley


Barr Tries To Sack U.S. Attorney Probing Trump’s Pals. But Geoffrey Berman Says He’s Not Leaving.

Attorney General William Barr announced late Friday evening that he had nominated a Trump appointee to replace the Manhattan U.S. Attorney who had investigated and convicted some of President Donald Trump’s closest associates. It was a shocking announcement even to the prosecutor he intended to replace, Geoffrey Berman.“I learned in a press release from the Attorney General tonight that I was ‘stepping down’ as United States Attorney,” Berman said in a statement. “I have not resigned, and have n...
Tags: Amazon, New York, News, Obama, Congress, Washington, Senate, White House, US, America, Turkey, Iran, Hillary Clinton, United States, United Kingdom, New Jersey


Jeff Bezos is getting praised for calling out racist emails from customers. Here are the Amazon CEO's sharpest jabs at his critics, from calling one 'the kind of customer he's happy to lose' to a reported blackmail attempt (AMZN)

Amazon CEO Jeff Bezos has begun turning to the internet to voice his opinions on everything from the Black Lives Matter movement to a possible blackmail attempt.  While he's traded barbs with space rival Elon Musk in the past, 2019 seems to have marked a new era for Bezos: with his increased visibility have come increased critiques of him and Amazon.  Bezos hasn't taken all of it lying down, turning to Instagram — and, in the most high-profile incident, Medium —to speak his mind.  Most recentl...
Tags: Amazon, Post, Spacex, Elon Musk, Instagram, Washington Post, White House, Trends, Nasa, Washington Dc, Jeff Bezos, National Enquirer, Black Lives Matter, Black, Blue Origin, Trump


House Judiciary demands Jeff Bezos testify on Amazon's alleged misuse of third-party seller data

Amazon.com is facing an antitrust investigation. The House Judiciary Committee on Friday informed Jeff Bezos he needs to agree to testify at a hearing on Amazon's alleged misuse of third-party seller data, or the CEO faces a potential subpoena if he declines. READ THE LETTER FROM HOUSE JUDICIARY HERE [PDF] From the Washington Post: The dramatic escalation between members of Congress and the e-commerce giant follows reports that Amazon employees tapped data from third-party sellers in its m...
Tags: Amazon, Post, Business, Politics, Technology, News, Congress, Washington, Amazon.com, US news, Tech News, House, Capitol Hill, Jeff Bezos, Wall Street Journal, Committee


The $10 billion JEDI process was a 'nonstop litany of inappropriate ethical behavior,' but now Amazon's best bet to take the deal from Microsoft hinges on a 'wildcard' error, experts say (AMZN, MSFT)

Amazon is challenging the Pentagon's decision to award a $10 billion cloud computing contract, based on alleged political interference from President Donald Trump. The Pentagon inspector dealt a blow to that claim by clearing the decision, despite saying it couldn't fully investigate Trump's role because the White House barred key witnesses from cooperating. The inspector general also found Pentagon officials made ethical violations during the process, including one official who participated w...
Tags: Amazon, Microsoft, White House, Defense, Trends, Department Of Defense, Pentagon, Donald Trump, Defense Department, Amazon Web Services, Trump, George Washington University, Bezos, Jedi, Ives, Wedbush Securities


Amazon's next best bet to take the $10 billion JEDI cloud deal from Microsoft hinges on a 'wildcard' error in the process after a Pentagon investigation splashed cold water on its claims that Trump interfered (AMZN, MSFT)

Amazon is challenging the Pentagon's decision to award a $10 billion cloud computing contract, based on alleged political interference from President Donald Trump. The Pentagon inspector dealt a blow to that claim by clearing the decision, despite saying it couldn't fully investigate Trump's role because the White House barred key witnesses from cooperating. The inspector general also found Pentagon officials made ethical violations during the process, including one official who participated w...
Tags: Amazon, Microsoft, White House, Defense, Trends, Department Of Defense, Pentagon, Donald Trump, Defense Department, Amazon Web Services, Trump, George Washington University, Bezos, Jedi, Ives, Wedbush Securities


In Shareholder Letter, Bezos Emphasizes Need For More Coronavirus Testing

In his annual shareholder letter, Amazon CEO and founder Jeff Bezos said that a next step for the company could be regularly testing its employees for the coronavirus, even if they show no symptoms. From a report: "Regular testing on a global scale, across all industries, would both help keep people safe and help get the economy back up and running," he wrote Thursday. Amazon first discussed the concept of developing its own testing capabilities last week. Bezos' public support for this initiati...
Tags: Amazon, White House, Tech, Jeff Bezos, Donald Trump, Wall Street Journal, Bezos


US DOD inspector general finds Pentagon decision to award $10B JEDI contract to Microsoft 'consistent' with acquisition standards

An inquiry by the inspector general for the United States Department of Defense found did not find evidence that impeached president Donald Trump swayed the decision to award the $10 Billion 'JEDI' defense contract to Microsoft, rather than Amazon or other competitors. Defense Inspector general added “we believe” evidence showed “DoD personnel who evaluated contract proposals and awarded Microsoft the JEDI Cloud” were not pressured regarding their decision" by any DoD leaders more senior" who “m...
Tags: Amazon, Post, Business, Technology, News, Microsoft, White House, Defense, US, Department Of Defense, Pentagon, Donald Trump, Defense Department, OIG, Trump, Reuters



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