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The U.S. should have nothing to do with these awful treaties or the UN Law of the Sea Treaty (LOST). One of the worst aspects of LOST is the mechanism for imposing a global tax by requiring companies to pay a portion of their profits to the International Seabed Authority. If the Senate passes the Obama global tax bill, LOST can't be far behind. Since President Bush has made his support for LOST well known, we imagine he would be willing to sign the global tax legislation, hoping to speed up ratification of LOST. In fact, in his 2009 budget request, President Bush included a request for $5 million for LOST and the international tribunal established by the treaty. Senator David Vitter (R-LA) questioned Secretary of State Condoleezza Rice at Wednesday's committee hearing as to why taxpayer dollars should be going to "a new bureaucratic international organization that has not been endorsed by the U.S. Senate." Secretary Rice reiterated the administration's commitment to ratification of LOST.
Take Action: The Obama global tax bill or the Law of the Sea Treaty could come up on the Senate floor anytime! Be sure to Contact your senators today and tell them to oppose both pieces of legislation. Also, Senators will be in their home offices the week of February 18. Please stop by or schedule an appointment with them to let them know you are watching their position on the Global Tax bill and LOST!
Tags: Barack Obama, Global tax, Law of the Sea Treaty, legislation, LOST, UN, US Senate, Condoleezza Rice To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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