Billionaire Warren Buffett continues to call for tax reforms and a higher tax rate for wealthy investors like himself.
The chairman and CEO of Berkshire Hathaway talked about the nation's tax policy during an appearance Monday on CNBC.
He released his annual letter to shareholders over the weekend.
Buffett has said for years that he believes his tax rate is too low compared with what middle-income wage earners pay.
He says the current tax code is unfair and favors the ultra-rich too much.
But he says neither Democrats nor Republicans want to talk about reforms now because it is an election year.
Buffett also says the nation's $1.2 trillion deficit won't be fixed by contributions from individuals.
The country is simply spending too much and bringing in too little revenue.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.