BOSTON (AP) — Mitt Romney and President Barack Obama are both promising tax relief for middle-income Americans. But what’s the definition of “middle-income?”
In an interview broadcast today on ABC’s “Good Morning America,” Romney described it as income of $200,000 to $250,000 a year and less.
That puts him in agreement with Obama, who has defined “middle class” families as those with income of up to $250,000 a year.
Romney’s campaign later clarified that he was referring to household income, not individual income.
The Census Bureau reported this week that the median household income – the midpoint for the nation – is just over $50,000.
Obama wants to extend Bush-era tax cuts for those making less than $250,000, while Romney wants to extend the tax cuts for everyone.
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