Change you can always believe in from a leftist - higher taxes.
Newsmax.com – Obama's Global Tax Plan
The first bill sponsored by a new U.S. senator speaks volumes on his or her political philosophy. The first bill sponsored by Barack Obama, the Global Poverty Act of 2007 (S.2433), would impose a global tax of 0.7 percent of gross national product (GNP) on the United States.
Estimates are that the Obama bill could cost the United States a total of $845 billion above current spending on foreign aid.
Obama sponsored the bill, which has 23 liberal co-sponsors. Led by U.S. Sen. Joe Biden, D-Del., Obama’s pick for vice-president, the co-sponsors include three Republicans: Richard Lugar, R-Ind., Chuck Hagel, R-Neb., and Gordon Smith, R-Ore.
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