Romney promises 'middle income' tax cut, for people making $200,000-$250,000
The Census Bureau reported this week that the median household income 鈥 the midpoint for the nation 鈥 is just over $50,000.
The Census Bureau reported this week that the median household income 鈥 the midpoint for the nation 鈥 is just over $50,000.
Mitt聽Romney聽is promising to reduce taxes on middle-income Americans.
But how does he define "middle-income"? The Republican presidential nominee defined it as聽income聽of " $200,000 to $250,000 and less" a year.
Romney聽commented during an interview broadcast Friday on ABC's "Good Morning America."
George聽Stephanopoulos asked Romney: 鈥淚s $100,000 middle income?鈥
鈥淣o, middle income is $200,000 to $250,000 and less,鈥 Romney replied.
Romney's campaign staff later clarified that he mean household income, not individual income.
The Census Bureau reported this week that the median household聽income聽鈥 the midpoint for the nation 鈥 is just over $50,000.
The definition of "middle聽income" or the "middle聽class" is politically charged. Both presidential candidates are fighting to win over working-class voters.
President Barack Obama has defined "middle聽class" as聽income聽up to $250,000 a year.
Obama wants to extend Bush-era tax cuts for those making less than $250,000.聽Romney聽wants to extend the tax cuts for everyone.