Warren Buffett, "very decent" billionaire who wants higher taxes, isn't worried about a double-dip recession. The Oracle of Omaha told Andrew Ross Sorkin, "It's very, very unlikely we'll go back into a recession... We're coming out of a recession." So there!

Sorkin also asked Buffett about the "Buffett Rule", which would require those making at least $1 million to pay the same tax rate as middle class taxpayers, which increases taxes on investment gains. Here's the transcript:

ANDREW: OK. Let's talk about the ‘Buffett Rule’ for a moment.

BUFFETT: Uh-huh.

ANDREW: Talk to you about how it came about in terms of the White House getting in touch with you and you putting your name to this.

BUFFETT: Well, (National Economic Council Director) Gene Sperling called and said, `Can we use your name?' And I said yes.

ANDREW: Are you— are you happy you said yes?

BUFFETT: Sure. I mean, I wrote about it.

ANDREW: Are you happy with the way it's being described? Is the program that the White House has presented, a million dollars and over, your program?

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.


BUFFETT: Some guy [makes] a 50 million here 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 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.