Protecting the Safety Net

House Agriculture Committee Farm Bill Would Cut Nearly 2 Million People Off SNAP

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.
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Tax Reform

Questions About Apple’s Tax Strategy Highlight Risks of a Territorial Tax System

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

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