Two weeks ago, Marketplace reported that Walmart is the biggest beneficiary of SNAP, the taxpayer-funded food stamp program. Not only does it rake in the largest share of food stamps of any retailer, but because of the notoriously meager wages it pays store associates, the company is believed to have the most employees who qualify for food stamps.
This year marks the 50th anniversary of the food stamp program, now known as SNAP, which one in seven Americans now relies on to have enough to eat. As Marketplace reported last week, Walmart is the biggest beneficiary of this taxpayer-funded subsidy: It brings in the largest share of food stamp dollars of any retailer, about $13 billion in 2013. Walmart even acknowledged the significance of SNAP to the company in the annual report it released three weeks ago.
As Congress debates cuts to the Supplemental Nutrition Assistance Program (food stamps) as part of the farm bill, the Winning Words Project has a great new piece up about one of the major beneficiaries of the program: Walmart.