The Intellectualist: Study: Tax Cuts For The Top 1% Cost More Than Entire Food Stamp Program

According to estimates from the Institute on Taxation and Economic Policy, the richest 1 percent of households, those with incomes higher than $607,090, stand to receive a total tax cut of more than $84 billion in 2019 alone.

To put this number in perspective, in 2019, the total cost of nutrition assistance benefits paid through the Supplemental Nutrition Assistance Program (SNAP)—which will support 39 million individuals—is expected to be only $58 billion. SNAP is the nation’s largest food assistance program, helping 1 in 8 families—and 1 in 4 American children—afford to put food on the table.