Friday, September 14, 2012

Romney: 'Middle-income' between $200K and $250K

Republican presidential candidate, former Massachusetts Gov. Mitt Romney arrives in Islip, on Long Island, NY, Thursday, Sept. 13, 2012. (AP Photo/Charles Dharapak)

Republican presidential candidate, former Massachusetts Gov. Mitt Romney arrives in Islip, on Long Island, NY, Thursday, Sept. 13, 2012. (AP Photo/Charles Dharapak)

(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 as income of $200,000 to $250,000 a year.

Romney commented during an interview broadcast Friday on ABC's "Good Morning America."

The Census Bureau reported this week that the median household income ? the midpoint for the nation ? is just over $50,000.

The definition of "middle income" or the "middle class" is politically charged. Both presidential candidates are fighting to win over working-class voters.

President Barack Obama has defined "middle class" as income up to $250,000 a year.

Obama wants to extend Bush-era tax cuts for those making less than $250,000. Romney wants to extend the tax cuts for everyone.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-09-14-Romney/id-682d2b58ea2c4084a9ee2c2228dae1da

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