More disappointed Trump supporters.Grocery retailers around the country have growing concerns about President Trump's plan to reduce food-stamp spending by $130 billion over the next decade, reports the Wall Street Journal. That would amount to a 20% reduction in the program's $63 billion annual budget.
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SNAP accounted for 52% of total sales in big box stores like Walmart and Target in 2017.
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Retailers are already facing stiff competition from grocers like Whole Foods with Amazon's backing. Now, they may lose sales from low-income consumers because of regulation.
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The food industry operates on a 1% profit margin, Alex Baloga, chief executive of the Pennsylvania Food Merchants Association, told the journal. Any SNAP loss could be devastating to the industry.
Axios
This is something that always amazes me about lower and middle-class people who complain about welfare and subsidies for the poor. They don't seem to get that all of these programs benefit retailers and corporations and prevent a total collapse of the society that supports all of us. You can bet your ass that Republican politicians understand that, no matter what they tell one class of people to keep them riled up against another class of people. It doesn't appear Trump is smart enough to understand it though. Or maybe he just wants to see the world burn.
...but hey, do what you want...you will anyway.
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