Levine asks about the 70-percent marginal tax rate proposed by Warren that Schultz called ridiculous. “Yes, ridiculous, confiscatory, anti-growth,” Schmidt says.

That prompts Levine to ask the question that evidently hits a nerve. “Will Derek Jeter or another athlete not hit another home run because they’re going to get taxed at 70? What’s the economic behavior that he thinks is anti-growth, other than his own pocket?”

“This is bullshit,” Schmidt exclaims. “I’m not doing this.”

“Steve, you’ve got to answer the questions,” Levine says.

“I’m not,” and with that Schmidt slams down his headset and abruptly ends the interview.