As the year winds to a close, businesses are trying to figure out how to make next yera a better year. If Democrat Senator Harry Reid gets his way, it’ll be even harder to create jobs in 2012.  He says his tax on millionaires wont affect jobs, but it’s not the first time he’s been a stranger to the truth.

Click here to listen 12-27-11 UTLT

I’m David Madeira and I’ll see you in a minute… Under the Liberty Tree.

Earlier this month, Democrat Senator Harry Reid proposed 1.9 percent surtax on million-dollar incomes, claiming it won’t stifle job creation because:

“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 actually 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 more tax breaks.”

That’s a great line, but it defies both logic and IRS data.  Paul Rodrick Gregory writes in Forbes that “There are 236,883 tax filers with incomes of a million dollars or more. By Harry Reid’s count, only …2,361 of them, are business owners, and a tiny fraction of them create jobs….[This means that] the average millionaire-owned business earns almost a hundred million dollars, and all, except 118 of them, do this without hiring anyone.”?

And Reid said that Sharon Angle was crazy. Lock this guy up!

I’m David Madeira, and I’ll see you online, at UnderTheLibertyTree.com