Cut Corporate America’s Free Lunch, Not Food Stamps
The Article: Cut Corporate America’s Free Lunch, Not Food Stamps by Terrance Heath in The Contributor.
The Text: If Congress is serious about “fiscal responsibility,” they should cut corporate America’s “free lunch,” instead of voting for even more painful cuts to food stamps. It would bring in more revenue than any pseudo-savings from cutting food stamps.
Millions of Americans were pushed over the “hunger cliff” by $5 billion in automatic cuts to food stamps, when the increased funding approved by Congress in 2009 expired on November 1st. The increase was Congress’ response to rising numbers of Americans relying on food stamps as a result of the recession — from 26 million in 2007 to 47 million in 2012.
The increased meant to expire once the need subsided. The need hasn’t subsided. Thanks to an economic recovery in which 95 percent of the benefits have gone to the wealthiest one percent, the number of Americans who rely on food stamps has held at about 47 million.