Biden wants Amazon to 'start paying their taxes'




Biden wants Amazon to \
Biden wants Amazon to \'start paying their taxes\'  

Former Vice President Joe Biden has renewed his criticism of e-commerce giant Amazon, once again turning the company into a political football that has been kicked around by presidential candidates on various issues, including taxes and delivery charges.

On Friday, Biden was asked in a CNBC interview on whether the company should be broken up to keep it from becoming too powerful and monopolistic, as suggested by former presidential candidate Sen. Elizabeth Warren.

"I think Amazon should start paying their taxes, OK?" said Biden, the presumptive Democratic nominee for president. "I don't think any company, I don't give a damn how big they are, Lord Almighty, should absolutely be in the position where they pay no tax and make billions and billions and billions of dollars, number one."

Is virtual camp worth the cost?: Parents question the value of kids attending summer sessions on a screen

What's brewing: Yes, Corona is selling big during the pandemic, but so is Coors Light and Miller Lite

Biden then doubled down on his remarks on Twitter, saying, "I've said it before, and I'll say it again: No company pulling in billions of dollars in profits should pay a lower tax rate than firefighters and teachers. It's time for Amazon to pay its fair share."

Amazon's position is that it pays what it owes according to the tax code.

A recent analysis by the liberal-leaning Institute on Taxation and Economic Policy said that, despite reporting $29 billion of U.S. income over the last three years, the company has reported a total of zero current federal income taxes over the same period.

"In fact, the company's three-year federal tax total was negative - a rebate of $102 million!" the institute wrote.

Reached for comment, the company referred to a blog post in January that said its 2019 U.S. taxes included $1 billion in federal income tax expense.

"We follow all applicable federal and state tax laws, and our U.S. taxes are a reflection of our continued investments, compensation of our employees, and the current tax rules," the company wrote.

Biden made similar comments last year and now is discussing the issue again during campaign season. President Trump has criticized Amazon CEO Jeff Bezos, who separately owns the Washington Post, one of several media outlets that Trump has derided for its coverage of him. Last month, Trump also said he wouldn't approve a $10-billion loan for the U.S. Postal Service unless it increased rates on Amazon's delivery services.

This article originally appeared on USA TODAY: Joe Biden took another swipe at Amazon about its tax payment history

COMMENTS

More Related News

Black Americans Have a Message for Democrats: Not Being Trump Is Not Enough
Black Americans Have a Message for Democrats: Not Being Trump Is Not Enough

COLUMBIA, S.C. -- In an on-camera address after a week of destructive protests, former Vice President Joe Biden pleaded with his audience to imagine life for black people in America. Imagine, he said, "if every time your husband or son, wife or daughter left the house, you feared for their safety." Imagine the police called on you for sitting in Starbucks."The anger and frustration and the exhaustion, it's undeniable," he said.Exhaustion. For many black Americans across the country, what a year this has been. The coronavirus pandemic has continued to disproportionately kill black people, and a spate of high profile killings in recent months in Georgia, Kentucky and Minnesota, the latter...

Biden says
Biden says 'we must not allow this pain to destroy us' of violence in U.S. cities
  • US
  • 2020-05-31 14:38:02Z

Biden issued a statement just after midnight as protesters in several major U.S. cities vented outrage at the death of a black man shown on video gasping for breath as a white Minneapolis policeman knelt on his neck. "Protesting such brutality is right and necessary," Biden said in the emailed statement. Biden will face President Donald Trump in the Nov. 3 presidential election.

Letters to the Editor: Stacey Abrams lost in Georgia, but she could lift Biden as his VP.
Letters to the Editor: Stacey Abrams lost in Georgia, but she could lift Biden as his VP.

Even with alleged voter suppression, Stacey Abrams came very close to winning in Georgia. She would make a great VP pick for Biden.

Outrage over George Floyd
Outrage over George Floyd's death could tip fortunes in Joe Biden's VP search

Some potential running mates have seen their fortunes appear to rise or fall in the midst of the protests over police treatment of African Americans.

George Floyd
George Floyd's Brother: Trump Wouldn't Even Let Me Talk in Rushed Call

The brother of George Floyd said Saturday that he spoke to President Donald Trump but the conversation was so quick that he "he didn't give me the opportunity to even speak.""It was hard, I was trying to talk to him, but he just kept pushing me off like 'I don't want to hear what you are talking about,"' Philonise Floyd told MSNBC's Al Sharpton."I just told him I want justice. I said that I can't believe that they committed a modern-day lynching in broad daylight." Floyd said he also spoke to Joe Biden and poured out his heart to the Democratic presidential candidate. "I never begged for anything before," Floyd told Sharpton. "I asked the vice president if he could get justice for my...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Latin America