Jeff bezos keynote

Jeff Bezos said US President Joe Biden's plans for larger spending were largely thwarted by Senator Joe Manchin. Jeff Bezos has criticised US President Joe Biden's take on inflation again. The Amazon founder said that the administration tried hard to inject more stimulus into an already inflationary economy. "Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country," Bezos tweeted. He was reacting to a tweet by an NGO which appeared to disagree with Biden's claims that this year, the government is on track to cut the deficit by $1.5 trillion – the biggest one-year decline ever. Joe Biden also claimed that under his predecessor Donald Trump, the deficit increased every year. The Twitter user Neoliberal then pointed out, "The deficit is decreasing because we’re not doing pandemic aid anymore, and federal receipts are up because of inflation. Congress, or the Biden administration, didn’t do anything to lower the deficit." … [Read more...] about Jeff Bezos hits out at Joe Biden again: ‘Misdirection doesn’t help the country’

Jeff Bezos, the third richest person in the world with a net worth of $138.8 billion, called US President Joe Biden's take on inflation a misdirected one. Jeff Bezos has criticised US President Joe Biden over his remark on controlling inflation in the country by taxing "the wealthiest corporations". "You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share," Biden had tweeted on Saturday. You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022 Inflation in the US surged to 8.3% in April, approaching a 40 year record, the New York Post reported. Prices for food and fuel have soared. Close Bezos, the third richest person in the world with a net worth of $138.8 billion, called the President's take on inflation a misdirected one. "Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them … [Read more...] about Jeff Bezos criticises Joe Biden over tweet on taxing super rich to control inflation

The new White House press sec. Karine Jean-Pierre appeared to dodge a question from Fox News’ Peter Doocy about a tweet from President Joe Biden regarding inflation. “Karine, congratulations, it’s nice to see you up there,” Doocy began. “The president’s Twitter account posted the other day if you wanna bring down inflation, let’s make sure the wealthiest corporations pay their fair share. How does raising taxes on corporations reduce inflation?” “Um, so, are you talking about a specific tweet?” Jean-Pierre, who appeared stumped, asked. Doocy then referenced a May 13 tweet from Biden that said “you want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share. — Joe Biden (@JoeBiden) May 13, 2022 “Look, we have talked about, um, we have talked about this past year, about making sure that the wealthiest among us are paying their … [Read more...] about Karine Jean-Pierre Stumped On Her First Day When Peter Doocy Asks How Raising Corporate Taxes Lowers Inflation

CNBC host Andrew Ross Sorkin confronted Transportation Secretary Pete Buttigieg on the administration’s plans to tackle inflation during Monday’s “Squawk Box.” Sorkin brought up the issue of the administration’s plans to raise corporate taxes in light of President Joe Biden’s tweet Friday urging that “the wealthiest corporations pay their fair share” in order to bring down inflation . The host then pressed Buttigieg, arguing that corporate taxes and inflation are two separate issues for the most part. “Yes, in the immediate term, maybe it will have some impact on inflation,” Sorkin began. “But corporate taxes is a long-term issue, you either do it because you think it’s the right thing to do or the wrong thing to do, not because you’re trying to deal with inflation right this second.” “A lot of it is what you’re going to do with the revenue and again, we have an agenda to use tax revenue on things that are going to ease inflationary pressures,” Buttigieg replied. “But also, … [Read more...] about ‘That’s Not How You’re Going To Solve Inflation’: CNBC Host Calls Out Pete Buttigieg To His Face