Protecting the Safety Net
The farm bill passed by the House Agriculture Committee would cut the Supplemental Nutrition Assistance Program (SNAP, formerly known as the Food Stamp Program) by almost $21 billion over the next decade, eliminating food assistance to nearly 2 million low-income people, mostly working families with children and senior citizens.
The bill’s SNAP cuts would come on top of an across-the-board reduction in benefits that every SNAP recipient will experience starting November 1.
- SNAP Benefits Will Be Cut for All Participants in November 2013
- Senator Vitter Offers — and Senate Democrats Accept — Stunning Amendment With Racially Tinged Impacts
More: Food Assistance analyses
U.S. corporations have lobbied aggressively in recent years for both a temporary tax holiday under which they would bring their foreign profits back to the United States and pay a much lower tax on them, as well as a permanent exemption of foreign profits from U.S. taxes (known as a “territorial” system).
This week’s headlines about Apple’s reported use of offshore subsidiaries to lessen its U.S. tax bill have renewed the debate over these flawed ideas. Read more
- Federal Tax analyses
New From the Center
May 9, 2013
May 9, 2013
May 8, 2013
Updated May 8, 2013
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Center in the News
May 23, 2013
There Was a Time When Ending Hunger Was a National Goal for Republicans and Democrats
New York Times, Editorial
May 21, 2013
House Committee OKs massive cuts to food stamps in farm bill
MSNBC, All In with Chris Hayes
May 17, 2013
Renters Face a Housing Squeeze