Jeff Bezos said the new 'disinformation board' should review Biden's tweet that tied high inflation to low corporate taxes, calling it 'misdirection'
Amazon founder Jeff Bezos; President Joe BidenCliff Owen, File/Associated Press; Susan Walsh/Associated Press
President Joe Biden tweeted that taxing wealthy corporations could help bring down inflation.
Amazon's Jeff Bezos said inflation and corporate tax hikes were "misdirection."
Inflation in the US has reached its highest level since the 1980s.
Amazon CEO Jeff Bezos took action on President Joe Biden on Friday over his tweets about taxing big companies to lower inflation.
“You want to lower inflation? Let's make sure the richest companies pay their fair share," Biden said in a tweet Friday night.
The Amazon billionaire retweeted the president, hinting that the tweet could be seen as disinformation.
"The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead," Bezos said, apparently referring to Homeland Security's recently announced Disinformation Governance Board.
“Increasing corporate taxes is fine to discuss. Taming inflation is crucial to discuss. Throwing them together is just misdirection," Bezos continued.
Inflation in the US has reached its highest level since the 1980s, affecting the prices of essential goods such as gasoline, food, health care and housing. In April, the inflation rate slowed for the first time in eight months.
As Insider previously reported, some of the most common causes of inflation are excessive demand for goods and services, rising labor and material costs, currency depreciation, and policies and regulations.
Amazon, the company Bezos founded, has long been accused of not paying its share of taxes fairly. The company paid no federal income taxes in 2017 and 2018.
Bezos, one of the richest people in the world, personally paid no federal income taxes in 2007 and 2011, ProPublica reported last year.
The White House did not immediately respond to Insider's request for comment.
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