Billionaire Jeff Bezos Wants to 'Help' Trump Gut Regulations

"Shockingly another one of the richest guys on Earth wants to defund our government and scrap regulations."

Journalist Andrew Ross Sorkin speaks with billionaire businessman Jeff Bezos during The New York Times Dealbook Summit on December 4, 2024 in New York City.
(Photo: Eugene Gologursky/Getty Images for The New York Times)

Jessica Corbett
Dec 05, 2024
COMMON DREAMS

Billionaire Amazon founder Jeff Bezos on Wednesday expressed his optimism about U.S. President-elect Donald Trump's next term and suggested he would "help" the Republican gut regulations.

"If we're talking about Trump, I think it's very interesting, I'm actually very optimistic this time around... I'm very hopeful about this—he seems to have a lot of energy around reducing regulation," Bezos told The New York Times' Andrew Ross Sorkin during the newspaper's DealBook Summit.

"And my point of view, if I can help him do that, I'm gonna help him, because we do have too much regulation in this country. This country is so set up to grow," he continued, suggesting that regulatory cuts would solve the nation's economic problems.

After complaining about the burden of regulations, Bezos added, "I'm very optimistic that President Trump is serious about this regulatory agenda and I think he has a good chance of succeeding."

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The comments came during a discussion about Bezos' ownership of The Washington Post, which also addressed the billionaire's recent controversial decisions to block the newspaper's drafted endorsement of Democratic Vice President Kamala Harris and have it stop endorsing presidential candidates.

Bezos said Wednesday that he is "very proud" of the move, that the Post "is going to continue to cover all presidents very aggressively," and the decision did not result from fears about Trump targeting his companies.

As Inc.reported Thursday: "Trump had railed against Bezos and his companies, including Amazon and The Washington Post, during his first term. In 2019, Amazon argued in a court case that Trump's bias against the company harmed its chances of winning a $10 billion Pentagon contract. The Biden administration later pursued a contract with both Amazon and Microsoft."

Bezos owns Blue Origin, an aerospace company and a competitor to Elon Musk's SpaceX. Musk—the world's richest person, followed by Bezos, according to the Bloomberg and Forbes trackers—has been appointed to lead Trump's forthcoming Department of Government Efficiency (DOGE) with fellow billionaire Vivek Ramaswamy.




Bezos' remarks at the Times summit led Fortune's Brooke Seipel to suggest that he may be the next billionaire to join DOGE.

Musk and Ramaswamy headed to Capitol Hill on Thursday to speak with GOP lawmakers about their plans for the government.

"Despite its name, the Department of Government Efficiency is neither a department nor part of the government, which frees Musk and Ramaswamy from having to go through the typical ethics and background checks required for federal employment," The Associated Pressnoted. "They said they will not be paid for their work."