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Walmart set to lose billions from SNAP benefits stopping in November (www.newsweek.com)

submitted 7 months ago by pelespirit@sh.itjust.works to c/usa@midwest.social

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According to a June report from the market research data firm Numerator, Walmart accounts for roughly a quarter (24 percent) of SNAP shoppers’ total spending. Given the estimated $100 billion spent by the government on the program annually—roughly $8.3 billion monthly—this would imply a loss of about $2 billion for Walmart if the benefits are withheld for the entire month of November.

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[–] djsoren19@lemmy.blahaj.zone 10 points 7 months ago

I honestly expect this to be a bigger reason SNAP benefits get continued than the lawsuit recently filed. Trump has been capitulating to monied interests, it was the reason there wasn't another blitz with the Guard on San Fran, and it's been a big reason why he's been walking back tariffs. If his big donors say "Hey, you can't cut benefits or our profits will go down" he'll likely capitulate.