You are hereHuffington Post: Harry Reid On Payroll Tax Cut Fight: 'Millionaire Job Creators Are Like Unicorns'

Huffington Post: Harry Reid On Payroll Tax Cut Fight: 'Millionaire Job Creators Are Like Unicorns'


-By Luke Johnson

December 12, 2011- Senate Majority Leader Harry Reid (D-Nev.) compared millionaires who create jobs to unicorns Monday on the Senate floor.

"Millionaire job creators are like unicorns," he said, according to The Hill. "They are impossible to find and don't exist."

Reid said that most of the "fictitious millionaire job creators" are "hedge fund managers or wealthy lawyers that don't do much hiring."

The Senate has twice rejected paying for the extension of the one-year payroll tax cut with a surtax on millionaires.

Republicans have said that the millionaire surtax would hurt job creation. "Well, over half of the people who would be taxed under this plan are, in fact, small businesspeople," said House Speaker John Boehner (R-Ohio) in November. "And, as a result, you're going to basically increase taxes on the very people that were hoping will reinvest in our economy and create jobs."

Sen. John Thune (R-S.D.) agreed. "If you're somebody who's in business and you get hit with a tax increase, it's going to be that much harder, I think, to make investments that are going to lead to job creation," he said.

NPR asked numerous House and Senate Republican offices recently to find a millionaire job creator to interview that would be affected by the legislation, and they were unable to produce one.

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