Wednesday, December 14, 2011
Reid: "Millionaire Job Creators Are Like Unicorns" ... They "Don't Exist"
Reid: "The Republicans say the richest of the rich in our country, even those who make millions every year, shouldn’t contribute more to get our economy back on track. They call our plan, time after time, a tax on job creators, and I say so-called “job creators.” Because I say that, Mr. President, every shred of evidence contradicts this red herring. For example, there have been many outlets, but I’ll concentrate on one. National Public Radio went looking for one of these fictitious millionaire job creators. A reporter reached out to the business groups and a tax lobby in the Republican Congress hoping to interview one of these millionaires. Days ticked by with no luck. Many of our job creators are like unicorns, they're impossible to find and don't exist. That’s because only a tiny fraction of people making more than a million dollars, probably less than one percent, are actually small business owners and only a tiny fraction of that tiny fraction is a traditional job creator."This is beyond absurd. Put simply if a business that is privately owned and had $3000-$4000 in average gross daily receipts then the owner would have an "income" of over $1,000,000 a year. Thus making them for tax purposes a millionaire. This is true even if the owner only takes home $0.01 himself. Before anyone counters that those people would not count...these are exactly the people the Dems and Obama was wanting to raise taxes on; something like 70% of those affected by proposed tax increases fall in to this category. Nearly every grocery store, fast food restaurant, doctor's office, etc.. are owned by "technical" millionaires who create jobs.