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Video: Buffett on the Economy and the ‘Buffett Rule”

Warren Buffett appeared on CNBC where he fielded mostly questions about the Obama tax agenda in this video. Buffett has received criticism regarding his new tax rule. Buffett clarifies his plan as follows: “My program would be on the very high incomes that are taxed very low – not just high incomes, not just some guy making $50 million playing baseball, his taxes won’t change. Make $50 million appearing on TV, his income won’t change. But if they make a lot of money and they pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what the other people pay.”