"If you are African-American in this country today, you are likely to have a net worth of about 10 percent of what white families have."
"What happens is people like Warren Buffett — and he says this himself...pay 15 percent on the millions of dollars that they earn from wealth income... while their secretary is paying a higher rate on her work income. It's not right."
Poor people go to a "payday lender...and they pay 300, 400, 500 percent interest."
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PolitiFact is a project of the St. Petersburg Times to help you find the truth in American politics. Reporters and editors from the Times fact-check statements by members of Congress, the White House, lobbyists and interest groups and rate them on our Truth-O-Meter. We’re also tracking more than 500 of Barack Obama’s campaign promises and are rating their progress on our new Obameter. >> More
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