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Title: Global Tax Bill Coming
Source: American Thinker
URL Source: http://www.americanthinker.com/blog ... as_global_tax_bill_coming.html
Published: Jun 26, 2008
Author: Lee Cary
Post Date: 2008-06-26 17:42:04 by Rotara
Keywords: None
Views: 142
Comments: 6

The Global Poverty Act of 2007 (S.2433) is coming up for a Senate vote sometime after the July 4 recess, according the office of Senator Kay Bailey Hutchison. Once Harry Reid and the Democrat leadership put it on the calendar, we could have as little as a week to prepare for the vote.

The bill is sponsored in the Senate by Barack Obama.  Read about it here.

If passed, it will cost taxpayers $845,000,000,000 over the next 13 years, in addition to our current foreign aid expenditures. 

And the best part is that it will be administered in conjunction with...brace yourselves...the United Nations. The same one of "Food-for-Oil" fame.

It passed (H.R. 1302) earlier by a unanimous voice vote in the House.  

It's about global income redistribution. Their distribution - our income.

Heard much debate about it?   Ah, it's only 8.5 tenths of a trillion.


Poster Comment: The globalist establishment has done all they could to make traitor mcCain look good to the sheep. What a con game. What's worse, is some informed people are partisan enough to play it. Or maybe they really are fellow travelers. ;-)

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#2. To: Rotara (#0) (Edited)

H.R.1302
Title: To require 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 United Nations 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.
Sponsor: Rep Smith, Adam [WA-9] (introduced 3/1/2007) Cosponsors (84)
Related Bills: S.2433
Latest Major Action: 9/26/2007 Referred to Senate committee. Status: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.


SUMMARY AS OF:
9/25/2007--Passed House amended. (There is 1 other summary)

Global Poverty Act of 2007 - Directs the President, through the Secretary of State, to develop and implement a comprehensive strategy to further the U.S. foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the United Nations Millennium Development Goal of reducing by one-half the proportion of people worldwide who live on less than $1 per day.

Sets forth reporting requirements.


S.2433
Title: A bill to require 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.
Sponsor: Sen Obama, Barack [IL] (introduced 12/7/2007) Cosponsors (23)
Related Bills: H.R.1302
Latest Major Action: 4/24/2008 Placed on Senate Legislative Calendar under General Orders. Calendar No. 718. Senate Reports: 110-331


SUMMARY AS OF:
4/24/2008--Reported to Senate amended. (There is 1 other summary)

Global Poverty Act of 2007 - Directs the President, through the Secretary of State, to develop and implement a comprehensive strategy to further the U.S. foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the United Nations Millennium Development Goal of reducing by one-half the proportion of people, between 1990 and 2015, who live on less than $1 per day.

Requires the strategy to contain specific and measurable goals and to consist of specified components, including: (1) continued investment or involvement in existing U.S. initiatives related to international poverty reduction and trade preference programs for developing countries; (2) improving the effectiveness of development assistance and making available additional overall United States assistance levels as appropriate; (3) enhancing and expanding debt relief as appropriate; (4) mobilizing and leveraging the participation of businesses and public-private partnerships; (5) coordinating the goal of poverty reduction with other internationally recognized Millennium Development Goals; and (6) integrating principles of sustainable development and entrepreneurship into policies and programs.

Sets forth specified reporting requirements. Directs the Secretary of State to designate a coordinator who will have primary responsibility for overseeing and drafting the reports, as well as responsibility for helping to implement recommendations contained in the reports.

Defines specified terms.

farmfriend  posted on  2008-06-26   19:05:15 ET  Reply   Untrace   Trace   Private Reply  


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