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Retailers Worry Food-Stamp Overhaul Will Hit Them Hard
- Wall Street Journal, Monday, April 9, 2018 8 AM
The beleaguered grocery sector faces a new threat: the possible loss of tens of billions of dollars of spending by low-income shoppers. The Trump administration is pushing to rein in spending for the food-stamp program by nearly $130 billion over a decade, representing a 20% reduction of its current annual budget of $63 billion. More than 52% of SNAP dollars, or $33 billion, was redeemed at stores such as Walmart and Target last year.
