Accuracy in Media editor Cliff Kincaid disclosed today that a hugely expensive bill called the Global Poverty Act, sponsored by Democratic Senator Barack Obama, was quickly passed by the Senate Foreign Relations Committee on Wednesday and could result in the imposition of a global tax on the United States.
In a column posted on the AIM web site, Kincaid noted that Senator Joe Biden, chairman of the Senate Foreign Relations Committee, was trying to rush Obamas Global Poverty Act (S. 2433) through his committee without hearings. The legislation would commit the U.S. to spending 0.7 percent of gross national product on foreign aid, which amounts to a phenomenal 13-year total of $845 billion over and above what the U.S. already spends. It was scheduled for a Thursday vote but was moved up a day, to Wednesday, and rushed through by voice vote. Kincaid learned, however, that conservative Senators have now put a hold on the legislation, in order to prevent it from being rushed to the floor for a full Senate vote.
