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The media's saying the plan's going to cost $1 trillion over the next 10 years. By the way, you didn't know this was happening? Maybe this is the first time you heard it because they did this while you were asleep! Using the Congressional Budget Office's numbers, which seem like a lot for something that's supposed to be free ‑‑ but maybe that's just me ‑‑ $1 trillion for this free healthcare. But the problem is it's not even close to true. When you hear $1 trillion over 10 years, what do you think? What do you think? Do you think $100 billion a year, right? No. No, you've got to think like a congressman or a senator or a slime ball. That's what the left is hoping that you're thinking. It's actually far higher than that, and the reason is just like when you have liver failure on universal healthcare, most of the programs in the bill are on a long waiting list. But we are the world! We are the children! And Michael Jackson's dead. Should we talk about that some more?
The long waiting list of the programs in this bill, typical government delay. They don't actually kick in for a few years. Only 17% of the spending comes in in the first five years. 83% comes in in the second five years. So only 17% of us can have the frickin' sniffles! But once everything has kicked in, we're going to make the world a better place, just you and me. Once everything kicks in, the plan actually costs $230 billion a year, yet another lie from Washington. The cost rises every year.
Also, this cost of $230 billion a year does not include administrative costs. It doesn't account for the cost of implementing the program. It doesn't count the effects on other spending, not to mention the aspirin or the Advil that the millionaire won't give you now! So how do you pay for something that is so unbelievably free and yet so expensive? By using the only two answers these clowns ‑‑ I could call them so much more than that ‑‑ the only two answers that they ever have: One, you make the rich pay for it; and two, you let the government fix everything. Number one is, and I kid you not, an additional 5.4% surtax on everyone who makes over $1 million a year. Well, that's fine, the rich millionaire. You know, the guy who started out poor, worked his frickin' ass off. Yeah, let's penalize him so we can pay for the guy who refuses to work. Yeah, yeah, yeah, you know, the job that Americans just won't do.
There are other taxes as well, you know, for those who make between $350,000 and up. The 5.4% tax is almost double the original number leaked to the press last week and, of course, this hits the small businesses the hardest. If you are not feeling bad for the evil rich people, which I understand because they're all so evil, I had the president of my company. I am a small business owner. I employ 23 people, something like that, 20 people, 23 people. I have a total staff of part‑time and full‑time of about 45 people that we are involved with, but 23 full‑time employees. They all have 100% medical care, 100%. The best money can buy. I have matching. You make a charitable donation, I match it dollar for dollar. Everybody pretty much has a nice, nice existence. I asked the president of my company, do some back‑of‑the‑envelope math. This tax, just this tax by itself, completely independent of all other tax hikes that are coming our way, will stop me from hiring five and ten people. One tax on one small business cost between five and ten jobs. Think about that against the entire scale of the economy. You'll begin to see what this p lan is going to cost in free healthcare. The higher the tax, the less people get hired. The more people need government to give them healthcare or housing! This is a freedom grab!
By the way, the tax hikes only cover about half the plan. Half the plan. Wait a minute. Really? So what covers the rest of it? I kid you not, the expected ‑‑ I'm quoting ‑‑ the expected windfall savings that the government will achieve with government healthcare. Because we all know the government has a history of achieving unbelievable savings. I mean, there's no way the free market system could send an envelope across the country cheaper! There's no way they could do that! Jeez. If that plan, if you happen to be a hate monger and that plan sounds a little unlikely, you'll be interested to hear what the plan is if those savings don't materialize. But we, of course, know the government will save all kinds of money. This is going to be ‑‑ you are never going to have to have a heart transplant because as soon as this happens, our heart will grow three sizes that day. We'll all be super healthy. We'll just be living in sunshine, lollipops, candy contains and Tamiflu will flow in every river.
This is from the Politico report. If those savings don't materialize, quote, those making more than $1 million would see a 5.4% surtax added to the tax bill. Some of the rates could climb if anticipated savings from elsewhere in the bill did not materialize. So as long as the government does a far better job on anything else they've ever done, it should only be about 5.4% tax. If they can't, at this point they are claiming that it could go as high as double, so those five to ten jobs have now become ten to twenty jobs.
I just want to point out that there's no history of our government ever doing this. When they passed the income tax in 1913, the progressive income tax, Woodrow Wilson, they promised us it would never go as high as 10%. It was only 7% for the evil millionaires. 7%. It will never go past 10. Yeah, yeah. They passed it. Never go past 10. Four years later it was 67%. Oh, and by the way, it will never ‑‑ that was an emergency! And there's no more emergencies left. Just like ‑‑ 67%, but it was an emergency. It will never go higher than 60. It's just during the emergency, until the last emergency came or the next one where, I kid you not, the income tax was 92%.
FDR wanted to make it 100% of anybody who made over $25,000, but congress would only go to 94. Now, their other option that they talked about in the past is to pay for some of it with money that they take from you, if they can just get cap and trade. Mark my words. They are going to go for cap and trade. While we are all debating healthcare, they're going to go for cap and trade. Isn't that what happened last time? They introduce healthcare and then they pass cap and trade. Now here comes the healthcare bill. You see, they have to have cap and trade to be able to pass this. Remember, all of this is based on the idea that the evil insurance companies are just so profit‑hungry. The government can beat them in efficiency because they don't have to care about profits or paying CEOs millions of dollars. They won't have all of that greed.
If you take nothing else from this monologue, remember this one thing: Health insurance profits account for .6% of healthcare costs. .6%. That's not me saying that. That's factcheck.org. CEO pay accounts for .005% of costs. This is not about healthcare. It never has been about healthcare. This is about, what does he call it, remaking America. This is government taking control of 1/6th of the economy. In one signature they will take 1/6th of the economy. They will take your arteries, your valves and your pancreas. Yes, you heard me. Your pancreas is at stake. But don't worry because the government can save it, because there's a choice we're making. We are the world. Can I get an amen!