Sen. Elizabeth Warren (D-Mass.) slammed the huge tax break of $7.8 billion that Amazon.com Inc. ( NASDAQ: AMZN) and its creator, Jeff Bezos, gotten in 2015 under the brand-new tax law carried out by President Donald Trump
According to Warren’s post on X on Wednesday, the tax relief Amazon enjoyed in 2025 is comparable to the mean U.S. family earnings for 100,000 years, around $78,000.
The Senator’s post highlights her continuous criticism of business tax breaks, highlighting the requirement for a nation that focuses on individuals over corporations. She stated Trump took the taxpayers’ cash that ought to have been utilized to lower health care expenses and handed it over to Bezos.
” Amazon and Jeff Bezos are getting the sweetest offer of all, thanks to Donald Trump,” Warren stated.
Amazon Tax Costs Triggers Argument
Warren’s criticism comes as Amazon’s 10-K filing, previously this month, revealed that Republican tax cuts substantially lowered its tax expense from $9 billion in 2024 to $1.2 billion in 2015, even as earnings increased.
The drop was mainly driven by brand-new devaluation breaks and broadened R&D rewards, Amazon later on mentioned, describing these components as “modifications by Congress.” The business likewise stated that it invested an approximated $340 billion in the U.S. in 2025.
Disclaimer: This material was partly produced with the assistance of AI tools and was evaluated and released by Benzinga editors.
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