FACT CHECK: HARRY REID‘S CLAIM THAT ’MILLIONAIRE JOB CREATORS…DON’T EXIST’ THOROUGHLY DEBUNKED
on Dec.12, 2011 while proposing his 1.9 percent surtax on millionaires, Sen. Harry Reid said the following (via Forbes):
Millionaire job creators are like unicorns. They’re impossible to find, and they don’t exist…Only a tiny fraction of people making more than a million dollars, probably less than 1 percent, are small business owners. And only a tiny fraction of that tiny fraction are traditional job creators…Most of these businesses are hedge fund managers or wealthy lawyers. They don’t do much hiring and they don’t need tax breaks.
The only thing missing from that Harry Reid quote is how he “heard it on NPR.”