Middle Class Income is ....?
Romney defines 'middle-income' as $200,000 to $250,000 and less in annual income
OSTON (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 Friday as income of $200,000 to $250,000 a year and less.
The definition of "middle income" or the "middle class" is politically charged as Romney and President Barack Obama fight to win over working-class voters. Romney would be among the wealthiest presidents, if elected, and Democrats have repeatedly painted him as out of touch with average people.
Obama also has set his definition for "middle class" as families with income of up to $250,000 a year.
Romney's comments came an interview broadcast Friday on ABC's "Good Morning America."
"No one can say my plan is going to raise taxes on middle-income people, because principle number one is (to) keep the burden down on middle-income taxpayers," Romney told host George Stephanopoulos.
"Is $100,000 middle income?" Stephanopoulos asked.
"No, middle income is $200,000 to $250,000 and less," Romney responded.
So my question is ... What is the cut off point for being in the middle class and being poor working class? Remember the median is $50K.
News & Politics