Surprise: Warren Buffett won't endorse Obama's new "Buffett rule"

CNBC: “Are you happy that the way it is being described. Is the program that the White House has presented a million dollars and over your program? ”

Warren Buffett: “Well, the precise program which will — I don’t know what their program will be. My program would be on the very high incomes that are taxed very low. Not just high incomes. Somebody making $50 million a year playing baseball, his taxes won’t change. Make $50 million a year appearing on television, his income won’t change. But, if they make a lot of money and pay a very low tax rate, like me, it would be changed by a minimum tax that would only bring them up to what other people pay.”