Monday, October 28, 2013

Food stamps will get cut by $5 billion this week — and more cuts could follow

A farmers market in Roseville, Calif. advertises its acceptance of EBT (electronic benefit transfer) cards, which are used for food stamps. (Rich Pedroncelli/AP)The U.S. food-stamp program is set to shrink in the months ahead. The only real question is by how much.
The Supplemental Nutrition Assistance Program (SNAP) currently costs about $80 billion per year and provides food aid to 14 percent of all U.S. households — some 47 million people. Those numbers swelled dramatically during the recession.
But the food-stamp program is now set to downsize in the weeks ahead. There's a big automatic cut scheduled for Nov. 1, as a temporary boost from the 2009 stimulus bill expires. That change will trim about $5 billion from federal food-stamp spending over the coming year.
And that's not all: The number of Americans on food stamps could drop even further in the months ahead, as Congress and various states contemplate further changes to the program. Here's a rundown:

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