Amazon CEO Jeff Bezas speaks at the United Nations Climate Change Conference (COP26) in Glasgow, Scotland, UK, November 2, 2021.

Paul Ellis Reuters

The White House on Monday hit Amazon founder Jeff Bezas after he hit President Joe Biden in a series of tweets last weekend for his comments about inflation.

The exchange began on Friday when Biden tweeted, not referring directly to Amazon: “Do you want to bring down inflation? Let’s make sure the richest corporations pay their fair share. ”

Bezos responded to Biden’s tweet, accusing him of “going the wrong way”, arguing that there was no link between inflation and corporate taxes. Bezos wrote: “Raising taxes on businesses is good to discuss. Taming inflation is very important to discuss. Mixing them together is just the wrong direction.”

In April, consumer inflation rose at a higher-than-expected rate of 8.3%, up 8.1% from the Dow Jones, and approached its highest level in more than 40 years.

On Sunday, Bezas criticized the Biden administration’s approach to inflation. He said the US $ 1.9 trillion bailout plan Biden signed in March last year helped boost inflation. Bezos also argued that inflation is most harmful to the poor.

White House spokesman Andrew Bates said in a statement that “no big step needs to be taken to find out why” Bezas, the world’s second-richest man, would oppose Biden’s proposal to increase taxes for the super-rich and corporations.

“It is also not surprising that this tweet appeared after the president’s meeting with the organizers of the work, including with Amazon employees,” Bates said in a statement.

Bezos responded to a White House statement on Twitter, accusing the Biden administration of trying to “cover up the issue.”

“They know that inflation harms the most needy,” Bezos wrote. “But unions don’t cause inflation, and rich people don’t either.”

Earlier this month, Biden appeared at a meeting with job organizers, including Chris Smalls, president of Amazon Labor Union, a grassroots group that managed to organize Amazon in April in Staten Island, New York, which became the first e-union. commerce. in the United States

The Twitter conversation is the first public clash between Bezas and Biden. Bezas was a frequent target of former President Donald Trump during his tenure. Trump has criticized Amazon for using the U.S. Postal Service and falsely claimed that The Washington Post, owned by Bezas, is a “lobbyist” for the Internet retail giant.

Although Biden did not name Amazon specifically on his Twitter account on Friday, he has repeatedly criticized the company’s tax history. Amazon benefited greatly from tax credits and deductions, and the company did not pay federal income tax in 2017 and 2018. Bezos, who stepped down as Amazon CEO last year, has also become a constant target in Democrat debates about wealth inequality in the United States. given his enormous fortune.

Biden also recently voiced support for union efforts at Amazon. Speaking at a national trade union conference, he allegedly pushed for attempts to organize Amazon warehouses, noting: “The choice to join a union belongs only to workers. By the way, Amazon, here we are.

WATCH: Markets are completely driven by inflation, says “dean of appraisals” Aswat Damadaran

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