NEW YORK (TheStreet) -- It's not me, it's the government, billionaire Wilbur Ross told his disgruntled servants.
"Our household help came to me ranting and raving: what had I done to their checks?" Ross said during a panel discussion hosted by Bloomberg last week.
The servants only noticed that their paychecks had gotten smaller, but they didn't realize it was due to an increase in payroll taxes that knocked about 2% off their take home pay, according to Ross, whose WL Ross & Co. turnaround firm is a unit of Invesco (IVZ).
"The politicians did a very good job hiding the ball, saying the only people whose taxes going up are the rich people, and it's obviously not true: every wage earner's taxes went up," Ross told the panel.Ross, who supported Mitt Romney in the 2012 election, will need to confer with fellow plutocrat and Blackstone Group (BX) chief Steve Schwarzman, another Romney supporter, so they can get their message straight for 2016. In a separate Bloomberg interview on Wednesday, Schwarzman said "everybody has to have skin in the game. A tax solution that hits one half of one percent of the people is almost announcing that 99 and a half percent of the people don't have a role to help fix our society." So which is it, guys? Is the government screwing your servants or babying them? -- Written by Dan Freed in New York. Follow @dan_freed
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV