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Why Amazon and Jeff Bezos are backing a corporate tax rate hike
April 10, 2021 at 8:31 am
Amazon CEO Jeff Bezos speaking at the Economic Club of Washington, D.C. (Economic Club of Washington, D.C. Photo / Gary Cameron)
Jeff Bezos surprised some Amazon critics and followers this week by throwing his weight behind a federal corporate tax hike to help pay for President Biden’s infrastructure plan. It was a position that seemed out of step with his company’s history and the rest of corporate America.
It raises the question: why are Bezos and Amazon breaking with their peers and supporting an increased corporate federal income tax rate?
Two CT companies will require employees to get COVID vaccine. Will others follow?
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Medical intensive care nurse Katherine-Kay Husler and Onyema Ogbuagu, who led the Pfizer vaccine trial at the Yale Center for Clinical Investigation, front row, left to right, and, back row, from left, Dr. Jon Siner, Emergency Department nurse MacKenzie Kelly and environmental services associate Terry Naser were the first Yale New Haven Health employees to receive the Pfizer-BioNTech COVID-19 vaccine.Kristin Hynes / Yale New Haven Health
With more access to the COVID vaccine amid a slow move back toward normal, at least two Connecticut businesses that interact directly with vulnerable people require employees to get inoculated, but it’s unclear if others will follow suit.
The key reports this week are March housing starts, CPI and retail sales.
For manufacturing, the March Industrial Production report and the April NY and Philly Fed manufacturing surveys will be released this week. - Monday, Apr 12th - - Tuesday, Apr 13th -
Small Business Optimism Index for March.
8:30 AM: The
Consumer Price Index for March from the BLS. The consensus is for 0.5% increase in CPI, and a 0.2% increase in core CPI. - Wednesday, Apr 14th -
mortgage purchase applications index.
12:00 PM:
2:00 PM: the
Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
Jon Lender: State employees who get COVID-19 vaccinations outside work hours are granted comp time; private companies also offering incentives courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.