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Amazon CEO Jeff Bezos issued a statement in support of President Joe Biden’s $2.3 trillion infrastructure plan—even if it means paying higher corporate taxes.
In the statement released Tuesday, Bezos said the ecommerce giant backs the Biden Administration’s move to “[make] bold investments in American infrastructure.”
These investments reportedly include: $620 billion to modernize 20,000 miles of highways, rebuild bridges and upgrade ports, airports and transit systems; $300 billion for manufacturing; hundreds of billions of dollars for job creation and R&D; $231 billion for affordable housing; $111 billion for water infrastructure; $100 billion for expanding broadband access; and $100 billion for schools.
To fund these investments, Biden has proposed increasing the corporate tax rate to 28%.