Presidential frontrunner Barack Obama is pushing a bill that will lead to the implementation of a UN global tax, costing the U.S. at least $845 billion dollars over thirteen years in the name of fighting worldwide poverty, as well as banning "small arms and light weapons".

The "Global Poverty Act," which is sponsored by Obama, is up for a Senate vote today, and if passed would mandate the U.S. to spend 0.7 percent of the gross national product on foreign aid, on top of the money being sent out of the country already.

The bill passed the House by a voice vote last year because most members failed to read what was actually in it. The words "global" and "poverty" in the title were presumably enough to convince them that it must be good.

In reality, the bill also "Commits nations to banning "small arms and light weapons" and ratifying a series of treaties, including the International Criminal Court Treaty, the Kyoto Protocol (global warming treaty), the Convention on Biological Diversity, the Convention on the Elimination of All Forms of Discrimination Against Women, and the Convention on the Rights of the Child," writes Cliff Kincaid.

"Jeffrey Sachs, who runs the U.N.'s "Millennium Project," says that the U.N. plan to force the U.S. to pay 0.7 percent of GNP in increased foreign aid spending would add $65 billion a year to what the U.S. already spends. Over a 13-year period, from 2002, when the U.N.'s Financing for Development conference was held, to the target year of 2015, when the U.S. is expected to meet the "Millennium Development Goals," this amounts to $845 billion. And the only way to raise that kind of money, Sachs has written, is through a global tax, preferably on carbon-emitting fossil fuels."