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All Posts Tagged Tag: ‘food stamps’

Walmart’s Hidden Employee Food Stamp Subsidy

A few days ago, Val Powell brought you some information about how Walmart is showing its business’ dependence on food stamps. In the filing of a form 10-K with the Securities and Exchange Commission, Walmart noted that its bottom line would be adversely affected if the Federal government were to cut food stamp benefit levels. Now, this is not necessarily …

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US Retail Giant Wal-Mart Admits Dependence On Food Stamps To Keep Margins Up

Wal-mart Stores, Inc. declared an interesting factor in their bottom line when they filed their Form 10-K with the Securities and Exchange Commission on Friday. The world’s largest retailer officially admitted that certain changes in government assistance programs, especially the Supplemental Nutrition Assistance Program or SNAP, could affect its profit margins. Wal-mart’s 10-K stated that their business is affected by …

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Farm Bill Passes Senate; Cost is Nearly $1 Trillion

Tuesday, the United States Senate voted 68 to 32 in favor of a new five-year farm bill, following 3 years of highly contested arguments and political maneuvers attempting to sway the bill in favor of a particular political party. The bill will now be sent to President Obama, who is expected to sign the bill into law. The 949 page …

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Food Stamps Getting A Pretty Hefty Cut For 850,000 People

Lawmakers have agreed to a deal on a farm bill that would end direct subsidies to farms and replace them with a crop insurance program, instead. This deal will also affect food stamps for around 850,000 people who count on this money to feed their families. It could cut as much as $90.00 per month from those food benefits that …

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Food Stamps: Benefits Cut By $5 Billion

An automatic cut to the food stamp program–known as SNAP–will go into effect today after the temporary expansion from a 2009 stimulus expires, meaning about 47 million people will need to dramatically alter their food budgets. The program may see more cuts over the next several years as well, as lawmakers intend to tighten restrictions on who can qualify. House …

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McDonald’s: Not Paid Enough? Get Food Stamps.

McDonald’s loves to see you smile–just not their employees. When full-time employee Nancy Salgado called McResources, McDonald’s employee help line, and said she need a raise to help cover the cost of groceries and her heating bill, she was told to she could apply for food stamps and other public assistance. The mom of two has been working for McDonald’s …

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Walmart Food Stamps, EBT Glitch Empties Shelves

If a temporary glitch incorrectly showed that there were no restrictions to your bank account, would you proceed to max out the card with unlimited merchandise? A similar situation involving the EBT system for food stamp benefits took place at the following two Walmart locations: Mansfield, Louisiana, and Springhill, Louisiana. According to Springhill Police Chief Will Lynd, “I saw people …

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Food Stamps Glitch Not Caused by Shutdown

People who receive food stamps were in for a shock today when they tried to pay for their groceries. A glitch in the national EBT system halted payments on Saturday, which meant people across 17 states had no money to pay for groceries. The error scared many people, as they thought this was the end of their food stamp benefits …

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Food Stamp Bill is Source of Contention

Democrats faced a loss in the House on Saturday when their motion to further re-link farm aid and food stamps failed to pass in a 204-195 vote. The issue at stake in Saturday’s vote was whether or not to synchronize the timelines of both parts of the long-delayed and hotly debated US farm bill. The Republican-controlled House’s version has the …

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House Votes for $4 Billion Cut in SNAP Funding

The House has just voted to cut roughly $4 billion a year from food stamp funding, a program 1 in 7 Americans are now using. The 217-210 vote will call for a 5% spending reduction, and was a victory for conservatives, as Democrats saw the cut as being too high. The cuts will be implemented through drug tests for applicants, …

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Food Stamps Cut: $4 Billion Cut by House

Millions of people could see their food stamps benefits decrease or go away after the House voted for $4 billion per year for the next 10 years in food stamp cuts. House Republicans introduced the new legislation earlier this week, and passed H.R. 3102, the Nutrition Reform and Work Opportunity Act, on Thursday with a 217-210 vote. The bill still …

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