Bloomberg on Obama's Tax Plan: 'The Buffett Thing Is Just Theatrics'

New York City mayor Michael Bloomberg, who is a proponent of raising taxes on everyone, criticized President Obama for using theatrics to trumpet his plan to raise taxes on the rich. “The Buffett thing is just theatrics,” Bloomberg said this morning on NBC’s Meet the Press.

“What’s good theater, and what’s good politics, isn’t necessarily good economic policy,” Bloomberg said. “I think a lot of it’s just theater…We should look at what the real data is rather than say, ‘one guy pays more than his secretary, or doesn’t.'”