Romney would do well to expose what Obama means when he speaks of the “middle class”.
WHITE HOUSE COUNCIL OF ECONOMIC ADVISERS: In a January speech noting the middle class has shrunk to 42 percent of households, Alan Krueger, who chairs the council, defined them as making annual earnings within 50 percent of the U.S. median income. The current median income is $49,445, putting middle-class earnings in a range from about $25,000 to $75,000.
This is far more restrictive than the more common “below $250,000” that is erroneously thrown around. We can expect the taxes to go up sharply for the privileged upper class ($75,000 and up).
“You know what he’s been doing over the last six months? In the last six months, he has held 100 fundraisers. And guess how many meetings he’s had with his Jobs Council? None. Zero. Zero, in the last six months,” Romney said. “So it makes it very clear where his priorities are. His priority is not creating jobs for you, his priority is trying to keep his own job, and that’s why he’s going to lose it.”