Congress is considering cutting $40 billion over the next decade from a program that saves children, seniors and veterans from hunger. But they won’t even consider closing corporate tax loopholes — including one that encourages corporations to stash profits and send jobs overseas, costing us $600 billion over those same 10 years.
As many as 6 million people will be kicked off the Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps) if the proposed cut goes through. Ever since the Great Recession hit, millions of middle class families have relied on SNAP to feed their kids and stave off poverty.
Household names like General Electric, Boeing and Verizon go years without paying any federal income tax. Despite record profits, corporate tax receipts are at their lowest relative level in 60 years. Instead of letting kids go hungry by cutting SNAP, let’s snap shut the loophole on corporate tax loopholes.
— Rochelle Benveniste