re: #306 MandyManners

I thought he said $250,000.00 for a married couple and $200,000.00 for a single person is rich. Has he defined it downward already?

Middle class topped out at $70,000 in 2003

In a 2003 interview while starting his Senate campaign, Obama said that tax cuts should have been targeted no higher than the $70K level:

From that 2003 interview with the O:

Well, you know the problem was is that they weren’t targeted at the short term stimulus of the economy. What we should have done is if we were going to initiate tax cuts, and I’m a strong supporter of tax cuts for working families like the Earned Income Tax Credit, to initiate things like cuts in the Social Security tax, and other taxes that are really burdensome on families that are making 50, 60, 70 thousand dollars a year. Those tax cuts I think would have stimulated the economy.