Edward J. McCaffery is Robert C. Packard trustee chair in law and a professor of law, economics and political science at the University of Southern California. He is the author of"Fair Not Flat: How to Make the Tax System Better and Simpler" and founder of the People's Tax Page. The opinions expressed in this commentary are his own. View more opinion at CNN.
Jeff Bezos has garnered headlines again for his comments on Amazon's taxes. This time it comes with a twist. Bezos is not defending Amazon against charges leveled by the likes of Sen. Elizabeth Warren over Amazon's less-than-zero federal taxes in 2018. Edward J. McCafferyRather, the world's richest man is endorsing -- albeit without a lot of specificity -- the Biden administration's plan to increase the corporate tax rate and close down many of its loopholes to pay for a massive investment in America's infrastructure. That's good news for us non-billionaires.Biden knows his history. Democratic presidents have not fared well when increasing taxes. Bill Clinton raised tax rates in 1993.
Opinion The consumers will ultimately pay any increase in cost to the corporations. Maybe do away with Congresses over inflated salaries and reducing federal government employees to start saving money.
Opinion Says the guy who paid none last year
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