Mayor Bloomberg’s Suggestion To President Obama: ‘Raise Everybody’s Taxes’

Experts: Hizzoner's Idea Is Flat Wrong; It Would Cripple Fragile Economy

NEW YORK (CBSNewYork) — Mayor Michael Bloomberg won’t be winning many friends among New Yorkers following his latest remarks promoting tax hikes and defending Port Authority toll increases.

Speaking on his weekly WOR radio show Friday, the billionaire mayor offered his suggestion for cutting away at the nation’s towering deficit — “raise everybody’s taxes.”

It’s either enlightened self interest or a real desire to get something started in Washington, but our billionaire mayor is now saying the rich shouldn’t be singled out — a la President Barack Obama. As far as tax hikes go, he says it’s time to hit everyone. Bloomberg added that it was the “easiest” and “fairest” thing to do.

Bloomberg Suggests ‘Raise Everybody’s Taxes.’ 1010 WINS’ Terry Sheridan Reports.

“If you want to raise taxes, don’t pick one class of people and say ‘I think they have too much money’ or ‘I don’t think they have enough money or whatever.’ Raise everybody’s taxes 1 or 2 percent, whatever it was,” he said.

The mayor went on to give President Obama some advice on how he should handle taxes and take aim at the deficit.

“Number 1, I think the President should literally go out there and say ‘this is what I propose A, B, C and D’ and I think that should be a combination of revenue enhancements and expense cuts,” Bloomberg said.

As CBS 2’s Marcia Kramer reports, Bloomberg said he is referring to personal incomes taxes and business taxes.

“Everybody says ‘not me’ and if you say ‘I’m sorry, John, it’s everybody,’ we’re not going to list to one special interest the practicality of getting something done when you pick and choose will tie us up forever,” Bloomberg said.

But some financial experts question how you can get the economy out of the doldrums if you hit lower and middle class income earners with new taxes while they are trying to get out of the recession.

“They have less to spend. It’s gonna kill the economy and they’re the ones that we need to spend the money. They need to go out there and buy clothes, shoes and sneakers,” CPA Ellen Minkow said.

“It’s gonna separate the middle class and the upper class. Worse, we’re getting further and further apart,” CPA Fred Slater added.

Joe the average taxpayer seems to agree.

“The poor and the middle class need to be helped a little bit,” Midtown resident John Gladstein said.

“I think it’s a bad idea. I think the more you have the more you can afford to give back,” added Ken Mesnik of Midtown.

“Less money for me, less money for my family. Instead of raising the taxes they should find us more jobs so we’ll be able to afford those changes in the economy,” Bronx resident Alberto Rosario said.

In a sense the mayor was drawing a contrast between himself and both political parties — the Republicans who say no new taxes and the Democrats who say close tax loopholes that benefit the rich and corporations.

And while the mayor was highly critical of the deficit debacle in Washington, he did take a minute to crow about the cities’ bond rating. Many are still AAA, much better than the federal government.

Meanwhile, recently proposed fare and toll hikes by the Port Authority also weighed heavily on Bloomberg’s mind Friday.

1010 WINS’ Stan Brooks With More On Bloomberg’s Comments

He defended the agency’s request for the increased revenue on its bridges and tunnels, saying “You want a service? You gotta pay for it.”

“When it comes to mass transit, like the MTA or going across bridges, how much do you want to charge the person that goes over that bridge or through that tunnel and whatever you don’t charge them, then everybody’s going to have to pay. Because, for better or worse, you have to have people and they’re not going to work unless they get paid,” Bloomberg said.

Further elaborating on the argument about tolls, Bloomberg said that there shouldn’t be a referendum on every single thing, likely in reference to the upcoming Port Authority toll hearings.

“Leadership is not asking the public what they want and then doing it. Leadership is listening to the public, making a decision and then convincing them that that’s the right decision in leading from the front,” Bloomberg said.

Shocked, angered or bewildered by the Mayor’s comments? Do you agree with him?  Share your thoughts in the comments section… 

  • j

    The FBI and DEA fabricate evidence, steal from suspects and use murder to close those bad cases.

    In and around the time frame of 1997-2003 several corrupt DEA, FBI and DOD employees in the San Diego area had been receiving bribes from Al Quida operatives in return for help in hiding the 9/11 hijackers.

    Several DEA and FBI in the San Jose area had received bribes within that time frame also. They where to provide money laundering for funds raised at the San Francisco Bay Area mosks that was to help fund the 9/11 attacks.

    There is proof.

  • Try

    NO MONEY – Charity Search Engines

  • Prisoners into Astronauts

    Bloomberg should be getting rid of the Prison system. He should be negotiating with the Kazakhs and shipping prisoners off to the Baikonur Cosmodrome to rehabilitate them all into Construction Astronauts. Prison time is no longer a deterrent to crime.

  • ted

    I’d like to know why the commuters are paying for the new WTC tower. This should be paid for by the developers and tenants. Port Authority is bending over everyone again and playing smoke and mirrors games.


    NUKE ISRAHELL — SMASH ISLAM — NUKE MEXICO (western voices world news) hightly informative

  • simon goldfarb

    I’ve come to the conclusion that Mayor Idiotberg is a crack smoking Arab loving punk.



  • Jon

    Proud Mike sits in a high lofty place passing judgment, just like a Pharisee:

    Luk 18:10 Two men went up into the temple to pray; the one a Pharisee, and the other a publican.
    Luk 18:11 The Pharisee stood and prayed thus with himself, God, I thank thee, that I am not as other men are, extortioners, unjust, adulterers, or even as this publican.
    Luk 18:12 I fast twice in the week, I give tithes of all that I possess.
    Luk 18:13 And the publican, standing afar off, would not lift up so much as his eyes unto heaven, but smote upon his breast, saying, God be merciful to me a sinner.

  • RickyBabaloo

    Did Mayor Dumberg ever think that maybe the federal Government could lower spending instead of raising taxes. For instance, the Obama administration just bought about 180 limousines to ferry around our “public servants”.

  • Salome

    I like Robert Reich’s idea to suspend taxes on those with $20,000 or less in annual income.

  • Bob Fowler

    Tax everyone at the same rate is fair and easy. Eliminate all taxes except for a consumer tax. There would be no tax loopholes through which accountants could lead people through. Legal or illegal immigrants would be paying for their fair share of everything (which would reduce illegals wanting to come here). Everything being brought into the country would be hit with the tax (that would inspire domestic manufacturing).

    This would also eliminate the need for so many levels of government, since all of the money would go to the feds, and they would be responsible to provide police, sanitation, military, healthcare, public works…for everyone.

    • Esther m. Espinosa

      With the FAIR TAX EVERYONE pays regardless of their position or status. Even the drug dealers…

  • Wolf

    Bring the manufacturing back to this country. This in return would creat many more jobs. More jobs equal more taxes paid. Don’t kill the little guy by raising taxes. If a company lwants to sell 70 percent or more of their products in America, then 70 percent or more of their product should be manufactured in America. Bloomberg earns more in interest then many Americans earn working hard. Its time for major change. Bring back the factories. Let Americans work and earn. Don’t raise taxes on the already struggling poor.

  • pete

    It was a big mistake to let him swindle himself into his third term. Riding on Giuliani´s coat tails as a Republican, after a series of moronic Democratic mayors, he did not do too bad in his role until the big crash came. Now he is showing his real face, a face without compassion for people who have less money, and the people of the Middle Class which he hates, because he came from there.

  • TomNJ

    Spoken like a true billionaire.

  • tax0free

    no one asked you…

  • Bernie Sanders

    I think he has alzhimers ~

  • goblin

    In 20 years the only people left in NY will be the extremely rich and the “poor” collecting government subsidies for free.

    The liberals allowing the public sector unions to bleed this place dry will be final nail in the coffin.

  • tom

    All my family has moved out of new york. its only a few that are left. can anyone imagine why. get out now. bloomberg your ship is sinking get off now before you drown.

  • cdsweetie

    Bloomberg and Obama have got to go.

  • Angry

    The very wealthy itemize every possible deduction with the help of expensive tax llawyers. IF they drop a dollar into the collection basket or buy a book of tickets for charity, they take it off! The middle class itemize bigger items, but not toothpicks.

    The working poor pay evey cent the gov’t demands. Tax equally? Strip the deductions!

    The Codfish needs to go back to Bermuda..

  • M.A.D


  • AnnonUSA

    The Truth hurts and that is why most people cannot accept it.

    The fair tax is a FLAT Tax.

    • USA is one big sweat-shop

      Most people can,t accept it because they cant afford it.Maybe if you were one of the millions living paycheck to paycheck you will see .Where do you get extra money from to pay it .

  • Shlomo Geltschlepper

    Gelt, Gelt, Gelt, …. Already!
    get them Scheckels out.

    Give unto Bloomberg what is Bloomberg, already

  • Benny T

    When you have a billionaire for mayor, how do you expect him to know that most middle class New Yorkers are struggling to make ends meet as it is? Sure, let’s raise everybody’s taxes, the bridge and tunnel tolls, parking meter rates, subway fares and on and on and on. That should slow down the exodus of New Yorkers to other more affordable states.

  • TSnotElliot

    FIRST CLOSE the loopholes that let so many NOT pay their fair share of taxes.
    THEN you can talk about raising taxes fairly for all…of course if you close the loopholes there may be no need for higher taxes to begin with.

    • cdsweetie

      Wish there were a “Like” button for this comment!!!

  • JGNY

    The poor do not pay their FAIR share of taxes. Time to force them to pay as well.

    • Salome

      The poor do not pay federal taxes (they do pay into Social Security) because they are POOR. After they take the standard deduction, there is no money left to be taxed on.

    • Junior

      Very true, and, they take and get the most services.

  • Junior

    Freak Bloomberg! Easy to say for a rich prick. Here is an idea, pack up and move out of the USA, go back to Israel you clueless turd!


      Your Nazi slip is showing, you Jew-hater. He’s not from Israel! He’s from Boston.

    • The American Dream

      Barak Obama swimming back to Africa with Bloomberg and Bernake unde each arm

      • Swim or not

        He can drom em off at the promised land where tthey are the chozen ones

        or maybee we’d get lucky and they wouldnt make it accross

  • Gizmo

    The middle class is already paying taxes at a higher percentage rate than the wealthier people, and corporations. All the president and most democrats are talking about is taxing everybody equally. It’s really not a question of pointing a finger at the wealthy as the republicans and the teabaggers like to characterize it. I really think that old mayor mike is getting mighty defensive of his many billions and his friends’ millions. He totally doesn’t get it anymore.

    • Jim Pritsiolas

      I’m not a big fan of the mayor. This is not an easy issue though. The middle class is getting hosed. NO doubt. The wealthy are the wealthy. How they became wealthy is no concern of mine. As a matter of fact I would love to join them one day. What I am saying is that they did not get wealthy by taking it from me or you. So lets not be illogical and jealous like little children. Further, I find it illogical to believe that a wealthy American uses police, firemen, highways and subways any more than what you an I use. They also pay full fare when their kids go to college…. no financial aid for them. So this “they should pay their fair share” is a sneaky way of saying that they should pay MORE. The REGULAR tax rates are PROGRESSIVE, so in fact they do pay more. As a matter of fact, they pay MOST of the taxes in America. Where they catch a break (I am guessing) is that a decent chunk of their income is taxed at Long Term capital gains rates or “qualified dividend rates”. Now you can make an argument that the Feds should raise those rates. OK. Just prepare to have stock prices go down and stay down. That in turn means that our 401k plans will also go down in value. As will all of your other pension plans as all pension plans participate in the market place.

      America has difficult choices to make. But pointing fingers at the “wealthy” is not constructive nor the answer. As a member of the middle class I am aware that if I point my jealous fingers at a rich man what will stop a person of lesser financial resources than what my family has worked for pointing their jealous fingers at me??

      As a tax accountant, I have to say that a consumption tax would solve ALL of our tax issues. The tax base would increase to 100% and the more people spent the greater tax they would pay. Of course this would NOT make socialists happy because those awful rich people would actually still be able to save people. To those fellow Americans I would simply suggest that they should not stress. They should jump on a plane and relocate to socialistic stress free and fair countries like Greece and Italy.

    • Howie Sprague

      Well said Gizmo. The republicans are obsessed with excessive personal wealth. The majority of candidates that the GOP supports for elected office are millionaire CEO’s. The GOP is completely out of touch with the middle class. The GOP supports corporate welfare, tax loopholes and breaks for the wealthiest 2% of Americans. There are many millionaires who pay no federal taxes whatsoever. The middle class, the elderly & the disabled already give more than their fair share, it’s time for those who most hate to part with their money (aka the ones who can most afford to) to pay up.

      • Carmen dIAZ

        Are you also drinking kool aid.Wake up and smell the coffee.Is George Soros a Republican , he and many more rich Domocrats are including in the mix.

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