Lovitz made a name for himself playing characters such as Tommy Flanagan, the Pathological Liar and Hannukkah Harry.
reports that on his recent podcast, "The ABC's of SNL", co-hosted by filmmaker Kevin Smith, he thoroughly insults President Barack Obama.
In the audio clip above, Lovitz jokes that Obama is "a f**king ass****" for "saying the rich don't pay their taxes."
Lovitz explains that Obama "is the perfect example. He's amazing. He had nothing. He had no father. He was, you know, of mixed race which is a burden in the United, don't kid yourself, you know, growing up like that, and no money, and the guy ends up being at Harvard. He's the President of the United States. And now he's like, f**k me!"
Referring to taxes, Lovitz asks: "If I make a dollar and out of every dollar I'm taxed at 50, half, at 50 cents, I have to give, isn't that like enough?"
He continued: "It's half. HALF?!"
Warning, the audio contains explicit language.