Bloomberg: Let Bush Tax Cuts Expire

New York Mayor Michael Bloomberg believes the Bush-era tax cuts should expire.

Appearing on NBC’s “Meet the Press,” Bloomberg said President Barack Obama should “veto any extension of the Bush-era tax cuts.”

“We should all pony up,” Bloomberg said, noting that he favors enacting the Simpson-Bowles fiscal plan.

“If you only raise taxes on the rich, you don’t get that much money,” Bloomberg said. Further, he said that the attitude needs to change into “we’re all in this together” because everybody gets some benefit from government.

{Politico/Matzav.com Newscenter}