Why Amazon Could Be the Big Winner in the Biden Infrastructure Bill

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Jeff Bezos made a surprising statement earlier this week.

The Amazon (NASDAQ: AMZN) chief came out in support of President Joe Biden’s $2 trillion infrastructure plan and even the corporate tax increases that are expected to accompany it. In a statement posted on Amazon’s website, he said:

We support the Biden administration’s focus on making bold investments in American infrastructure. Both Democrats and Republicans have supported infrastructure in the past, and it’s the right time to work together to make this happen. We recognize this investment will require concessions from all sides — both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate). We look forward to Congress and the administration coming together to find the right, balanced solution that maintains or enhances U.S. competitiveness.

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