Obama’s Global Poverty Tax

When asked what is the most significant piece of legislation Barack Obama has fathered since he has been in the United States Senate, most supporters of the Democratic Presidential nominee begin to dance around the issue or at best talk about an ethics bill that he supported.  The Senator’s campaign staff talks much the same way, but always seems to turn the issue back to Senator McCain’s voting record or what he has said on the campaign trail.

 

What they don’t talk about is a bill that Senator Obama has sponsored that is truly important to the American taxpayer.  Senator Obama is the sponsor of the Global Poverty Act which is working its way through Congress right now and I can’t figure out why they don’t talk about it more when reporters ask the question about Obama’s legislative leadership.  It is a significant piece of tax legislation that will affect the American public for years to come.

 

If enacted, the Global Poverty Act would commit the U.S. to spending 0.7 percent of the gross national product on foreign aid, which amounts to a 13-year total of $845 billion over and above what the U.S. already spends.  Let me repeat that.  The bill will amount to an increase of $845 billion in addition to what is already being spent on foreign aid.

 

The bill, which has the support of many liberal religious groups, makes levels of U.S. foreign aid spending subservient to the dictates of the United Nations.  The bill itself requires the President “to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day.”

 

You will also notice that the Obama supporter doesn’t bring up the Global Poverty Act when they talk about taxes either.  When taxes are being discussed, they only seem to mention that the middle class will get a tax break while they will make the rich do their “patriotic duty” and pay more…and more.  Somehow, I’m not sure that the middle class is safe from higher taxes with this candidate.  He is in favor of raising gasoline taxes (I think the middle class might have to pay those), he wants to raise Social Security taxes (the middle class will be involved in paying those), he is in favor of raising capital gains taxes (many from the middle class will have to pay those as well) and, well gee, he is in favor of raising the death tax too.  Senator Obama seems to have never seen a tax he doesn’t like. 

 

Now he wants to add an additional tax to take care of the poor around the world.  For years and years I’ve heard the left say that we can’t continue to be the policeman of the world.  I think they might be right to an extent with that argument.   With the current economic conditions we face, I think we can no longer afford to be the financial keeper or the social worker to the world.  It’s time to get our own financial house in order first and in a way that doesn’t drive the middle class into poverty.  We simply cannot afford to be in that role any longer.

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