SNAP benefit cuts could pose a significant challenge for Walmart, Kroger, and others

The situation: SNAP benefits appear to be poised for a haircut, as Republicans propose tightening the food assistance program that provided benefits to 42.1 million Americans in FY23 to unleash significant savings.

  • House Republicans last week released a budget resolution that cuts $230 billion from the US Department of Agriculture (USDA), which administers the program, though the plan doesn’t detail where those savings will come from.
  • Rep. Steve Cohen (D-TN) told a local TV affiliate Republicans plan to slash SNAP benefits by 20%, a claim Republicans have denied but declined to clarify.