Why we need a $4 billion stimulus package for food stamps, food stamp benefits, and more
I have to wonder if this is all a big PR stunt for a big donor.
I’m sure the donor would love to have a $400 million stimulus package.
But why would a major food stamp recipient want $4.5 billion?
It seems like a huge deal, right?
Well, if you think about it, it’s a pretty big deal, too.
The USDA currently provides a subsidy of $400 a month to SNAP families, for an average family of four, but that subsidy is only available for people earning less than $50,000 per year.
The SNAP subsidy is available for any SNAP family, not just those who earn more than $49,999.
SNAP recipients also get an annual $25 voucher to use for food.
That voucher is $2 per meal, and the voucher is a bit less than the SNAP benefits.
SNAP households pay about 10 percent of their income in food stamps.
A major food-stamp recipient would have to pay more than 10 percent to be eligible for SNAP benefits, but it would be a much better deal than paying the subsidy on the $400 per month food stamps they get every month.
So it makes a lot of sense for a major donor to give $4,000 to help feed a major SNAP recipient, but why would they want to do that?
This is a big, complicated issue.
So we’ll leave you with some numbers.
According to the Census Bureau, the average household in the U.S. earns about $56,000 a year.
So if the average SNAP recipient made $400, that household would receive a $2,800 subsidy.
That means they’d save about $2.8 million a year in food stamp spending.
The Congressional Budget Office estimates that the subsidy would only apply to SNAP households earning less and people earning between $50 and $49.999 per year, which means the average person in SNAP households would save about 20 percent of the cost of their SNAP benefits over the next three years.
The amount of money the average family in SNAP would save over the three years is estimated to be about $8.6 billion.
If SNAP households spent $4 in a year, that would save them $4 on SNAP benefits that year.
It’s not clear how many SNAP households actually would save $4 by spending less, but the numbers seem pretty compelling.
That would be enough to make the subsidy worthwhile, and that would be worth giving to someone.
But that’s a huge amount of dollars.
There are many other ways in which a major stimulus package could help SNAP recipients, and we’ll keep tracking these initiatives as they come online.