comScore Michael Bloomberg Slams Obama's 'Buffett Rule' | Meet the Press

Michael Bloomberg Slams Obama’s ‘Buffett Rule,’ Calls It ‘Just Theatrics’

Yesterday we brought you a clip from New York Mayor Michael Bloomberg’s appearance on Meet the Press (short story: like so many others, he’s a Chris Christie fan). However, there was another interesting moment in the program. In it, Bloomberg weighed in on the month’s big issue of contention, raising taxes on the rich, and came out strongly against the President Obama’s so-called “Buffett Rule.”

On the whole actually, Bloomberg wasn’t too negative towards the President. In fact, his comments that Obama had “tried some things he liked and some things he didn’t” for the economy weren’t too different from his comments on Christie. However, the Mayor made it clear that one of the things he didn’t like was raising taxes on the rich.

“I think it’s not fair to say that wealthy people don’t pay their fair share. They pay a much higher percentage of their income, they have a higher rate than people who make less. The Buffett thing is just theatrics. If Warren Buffett made his money from ordinary income rather than capital gains, his tax rate would be a lot higher than his secretary’s.”

So that’s another person against the plan. Of course, it’s also another billionaire against the plan. Eventually it would be nice to hear what an honest to goodness poor person has to say. It shouldn’t be hard to find out. I mean, these days those people are everywhere!

Watch the clip from NBC below:

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