CNN and the $250K Middle Class

From CNN‘s American Morning (2/1/10), an interview by anchor Kiran Chetry with White HouseOMB director Peter Orszag: CHETRY: You also talk about letting taxes expire for families that make over $250,000. Some would argue that in some parts of the country that is middle class. ORSZAG: Well, I guess it’s not the parts of the country where I’ve been. Households that make $250,000 or more a year make up 1.5 percent of the U.S. public.