You put BBB cuts, which include cuts to SNAP benefits, first. The impact will be near term, negative and an example of be careful what you wish for, unintended consequences and FAFO. Congrats on punching all 3 tickets.
How much do SNAP benefits contribute to the economy and what will cuts to BBB/SNAP mean to the economy?
SNAP benefits contribute significantly to the economy through a multiplier effect, where each dollar of SNAP benefits generates approximately $1.50 to $1.79 in economic activity. This spending supports local grocery stores, farmers, and other businesses, which in turn sustains jobs and tax revenues. For example, an estimated $100 billion in federal SNAP funding annually supports about 388,000 jobs and generates $20 billion in wages and $4.5 billion in tax revenue. SNAP also functions as an economic stabilizer, expanding during downturns to stimulate the economy and contract when conditions improve.[1][2][3][4][5][6][7]
Cuts to SNAP benefits, such as those proposed in changes to Build Back Better (BBB)-related policies, will have negative macroeconomic impacts. Shifting SNAP costs to states, which must balance budgets annually, may lead to reduced SNAP enrollment, state budget cuts elsewhere, or increased state taxes. This diminishes SNAP's role as an automatic stabilizer in recessions, worsening economic downturns and prolonging recovery by reducing consumer spending and economic activity. The Congressional Budget Office (CBO) and other analyses suggest that cuts would reduce total economic activity by more than a dollar for every dollar of benefits cut, leading to job losses and declines in state and local revenues.[8][9][10]
Regarding the broader Build Back Better Act, its fiscal impact over the next decade is estimated to be roughly neutral, with deficit reduction projected in the subsequent decade. However, specific SNAP-related budget changes within the BBB framework, particularly those increasing state financial responsibility, could impair economic growth and increase hardship for low-income families, negatively affecting the overall economy.[11][12]
In summary, SNAP benefits not only reduce poverty and food insecurity but also have a strong positive economic impact through increased spending and job support.Cuts to SNAP funding under BBB-related policies or otherwise would likely dampen economic growth, increase poverty, and reduce economic stability, particularly in times of recession.[3][4][9][1][8]
Democrats are chitin bricks because they know what's about to happen with all the billions and billions of dollars coming in from the tariffs. Trump is doing it right. TRUMP 2028 !!!!!😅
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