Romney: $100,000 a year NOT middle income
Posted: Sat Sep 15, 2012 1:14 pm
So now we know what 'middle income' means:
Most independent analysis says that Romney's tax plan would reduce the tax burden for the wealthiest 5% of Americans, but increase it for everyone else.
Romney's solution is simple: Just redefine what constitutes middle income.
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.
His campaign later clarified that Romney was referencing 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.
Most independent analysis says that Romney's tax plan would reduce the tax burden for the wealthiest 5% of Americans, but increase it for everyone else.
Romney's solution is simple: Just redefine what constitutes middle income.