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Biden blasts Amazon for tax strategies that Obama supported

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14.06.2019

Presidential hopeful Joe Biden this week criticized Amazon via Twitter for paying too little in taxes after reports earlier this year that the tech giant’s federal corporate income tax bill was zero.

Former Vice President Biden’s criticism is odd, because the Obama administration vocally supported several of the tax credits and deductions used by Amazon as they rightly saw these tax provisions as a way to encourage investment in the economy -- and in American workers.

The research and development (R&D) credit, which allows companies to quickly recover the cost of expenditures for research and experimentation, was supported by President Obama in several of his budget proposals. Not only did he support it – he advocated for making it permanent and expanding it.

This was not an unusual position – the R&D credit has bipartisan support – it was first created under President Ronald Reagan and was routinely extended and then made permanent by........

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