In the dispute between US President Biden and Amazon founder Jeff Bezos over inflation and tax increase, former US Treasury Secretary Lawrence Summers expressed his views and countered Bezos' remarks Earlier, US President Biden urged wealthy companies to pay their due share of taxes to help reduce inflation. Bezos responded to Biden's tweets that the combination of curbing inflation and raising corporate taxes was "misleading".
On Monday morning local time, summers expressed his views, saying that Bezos was "basically wrong" in his dialogue with Biden. "We should raise taxes to reduce demand and curb inflation, and tax increases should be as gradual as possible."
A White House spokesman also hit back at Bezos on Monday. White House spokesman Andrew Bates responded in a statement: "It doesn't take a big leap to understand why one of the wealthiest people on earth opposed the economic agenda for the middle class, reduced some of the biggest costs facing families, fought inflation for a long time, and increased historic deficit cuts that the president achieved by asking the wealthiest taxpayers and businesses to pay their share. This tweet came after the president and workers, including Amazon employees It's not surprising that it was released after the meeting with the organizers. "
