Make $250,000 a Year? Your ‘Middle Class’ According to Romney, Obama
BOSTON (AP) – Mitt Romney is promising to reduce taxes on middle-income Americans. But how does he define “middle-income”? The Republican presidential nominee defined it as income of $200,000 to $250,000 a year.
Romney commented during an interview broadcast Friday on ABC’s “Good Morning America.”
The Census Bureau reported this week that the median household income – the midpoint for the nation – is just over $50,000.
The definition of “middle income” or the “middle class” is politically charged. Both presidential candidates are fighting to win over working-class voters.
President Barack Obama has defined “middle class” as income up to $250,000 a year.
Obama wants to extend Bush-era tax cuts for those making less than $250,000. Romney wants to extend the tax cuts for everyone.