LIVE VIDEO: WZZM 13 News    Watch
 

Romney: Middle income is up to $200K-$250K a year

2:43 PM, Sep 14, 2012   |    comments
AP file photo of Mitt Romney.
  • Share
  • Print
  • - A A A +

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.

Editor's note -- The Associated Press issued a correction to the story it placed on its wires this morning.  We posted the earlier version, which incorrectly reported Mitt Romney as saying "middle income" was $200,000 to $250,000 a year. 

Associated Press

Most Watched Videos