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11 corporations that turned their backs on hungry families -- Popular Information
https://popular.info/p/these-companies-touted-their-effortsJudd Legum and Rebecca Crosby
Republicans are working furiously to pass a massive reconciliation bill through Congress. The legislation cannot be filibustered and can therefore win approval without any support from Democrats. It features $3.7 trillion in tax cuts that are only partially offset by spending reductions.
Although President Trump calls the legislation his "big, beautiful bill," the details are ugly. It is a massive transfer of wealth from the most vulnerable Americans to the richest. Some key facts:
But perhaps the cruelest aspect of the bill is a nearly $300 billion cut to the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps. That's about one-third of the budget of the most important program that fights hunger in the United States.
Currently, the federal government pays for 100% of the cost of SNAP benefits and splits the administrative costs with the states. The legislation would reduce federal spending on benefits by 5 to 25 percent. And it would slash the federal government's contribution to administrative costs in half. It also expands the program's work requirements to people up to 64 and those with children over 6.
The Center for Budget and Policy Priorities estimates that "2 million children will see food assistance to their families cut because a parent (or grandparent or other caregiver) can’t meet the work requirement." Overall, about 11 million Americans "live in households that would be at risk of losing their food assistance." That number could be much higher if some states choose not to compensate for the reduced federal support and instead impose benefit cuts.
. . .
Although President Trump calls the legislation his "big, beautiful bill," the details are ugly. It is a massive transfer of wealth from the most vulnerable Americans to the richest. Some key facts:
The tax cuts overwhelmingly benefit the wealthy. Meanwhile, the poorest Americans will see their after-tax income decrease. In 2026, for example, the bottom quintile of earners will see a 10% reduction in after-tax income while the top 0.1% will receive a windfall of $389,280.
Millions of people will lose their health insurance. At least 7.7 million Americans will lose their health insurance due to funding cuts and increased bureaucracy impacting Medicaid and the ACA health exchange. Another 4.2 million will lose coverage due to the expiration of enhanced ACA subsidies put into place during the pandemic.
The legislation will add $3.3 trillion to the deficit by 2034, according to the Committee for a Responsible Federal Budget. In addition to the tax cuts, the bill also features additional spending on the military and immigration enforcement.
Millions of people will lose their health insurance. At least 7.7 million Americans will lose their health insurance due to funding cuts and increased bureaucracy impacting Medicaid and the ACA health exchange. Another 4.2 million will lose coverage due to the expiration of enhanced ACA subsidies put into place during the pandemic.
The legislation will add $3.3 trillion to the deficit by 2034, according to the Committee for a Responsible Federal Budget. In addition to the tax cuts, the bill also features additional spending on the military and immigration enforcement.
But perhaps the cruelest aspect of the bill is a nearly $300 billion cut to the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps. That's about one-third of the budget of the most important program that fights hunger in the United States.
Currently, the federal government pays for 100% of the cost of SNAP benefits and splits the administrative costs with the states. The legislation would reduce federal spending on benefits by 5 to 25 percent. And it would slash the federal government's contribution to administrative costs in half. It also expands the program's work requirements to people up to 64 and those with children over 6.
The Center for Budget and Policy Priorities estimates that "2 million children will see food assistance to their families cut because a parent (or grandparent or other caregiver) can’t meet the work requirement." Overall, about 11 million Americans "live in households that would be at risk of losing their food assistance." That number could be much higher if some states choose not to compensate for the reduced federal support and instead impose benefit cuts.
. . .
Companies cited:
AT&T
T-Mobile
United Airlines
Uber
Comcast
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