$250,000 a Year Is Not Middle Class – NYT

Flickr/401(K) 2012

Flickr/401(K) 2012

HILLARY CLINTON has vowed not to raise taxes on the middle class.

It’s a pledge that has worked well for others on the campaign trail before her, a resonant assurance to voters who saw themselves as middle class or aspired to be. But it’s a bad promise.

Mrs. Clinton is using a definition of middle class that has long been popular among Democratic policy makers, from her husband to Barack Obama when he was a candidate: any household that makes $250,000 or less a year. Yet this definition is completely out of touch with reality. It also boxes her in.

The most recent Census Bureau data showed that median household income — what people in the exact middle of the American spectrum earn — is $53,657.
-Bryce Covert

Source: $250,000 a Year Is Not Middle Class – The New York Times

This is a promise not to fix the holes in the social safety net.