From the press release:
Are food stamps lining the pockets of the nation’s wealthiest corporations instead of closing the hunger gap in the United States? Why does Walmart benefit from more than $200 million in annual food stamp purchases in Oklahoma alone? Why does one bank, J.P. Morgan Chase, hold exclusive contracts in 24 states to administer public benefits?
These are a few of the questions explored in a new report called: “Food Stamps, Follow the Money: Are Corporations Profiting from Hungry Americans?” from Michele Simon, president of Eat Drink Politics, a watchdog consulting group. This first-of-its kind investigation details how the food stamp program–originally designed to help farmers and those in need–lines the pockets of junk food makers, food retailers, and banks.
…Food Stamps, Follow the Money offers several recommendations on how to improve SNAP in order to maximize government benefits for those in need. These include:
– Congress should maintain SNAP funding in this time of need for millions of Americans;
– Congress should require collection and disclosure of SNAP product purchase data, retailer redemptions, and national data on bank fees;
– USDA should evaluate state EBT contracts to determine if banks are taking undue advantage of taxpayer funds.