Romney describes 'middle-income' as $200K to $250K and less

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Former Massachusetts Republican Gov. Mitt Romney speaks on day three of the Republican National Convention on September 3, 2008 in St. Paul, Minnesota

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Posted: 09/15/2012

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 Friday 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 This material may not be published, broadcast, rewritten or redistributed.

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