Obama’s patented pretzel logic makes another appearance.
(NewsCore) – President Barack Obama on Thursday flaunted the support of Microsoft founder Bill Gates for an increased but “fair” tax burden on the rich.
In a stop at a Las Vegas UPS facility as part of his post-State of the Union tour, Obama revived his call to rewrite the tax code to adopt the so-called “Buffett rule,” named after billionaire Warren Buffett, who has said it is unfair that he pays a lower tax rate than his secretary.
Arguing that higher taxes for the wealthy would not amount to class warfare, the president said, “We don’t begrudge success in America. We aspire to it. We want everyone to succeed … When Americans talk about folks like me paying their fair share of taxes, it’s not because they envy the rich.”
He added that “just yesterday, Bill Gates said that he agrees with me that Americans who can afford it should pay their fair share.”
“I promise you, Bill Gates isn’t envious of the rich,” Obama said to laughter from the audience. The tech titan topped Forbes magazine’s 2011 list of richest Americans with a net worth of $59 billion, ahead of Buffett, who was ranked at No. 2 with $39 billion.