Romney sees ‘middle-income’ as $200K to $250K and less, as does Obama

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Submitted: Fri, 09/14/2012 - 4:21pm
Updated: Fri, 09/14/2012 - 4:26pm

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.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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