The House of Representatives has passed a bill that would make historically large cuts to both programs, which will result in millions losing access to health insurance and food stamps, now known as SNAP. These cuts will also effectively slash subsidies to retailers, farmers, food producers, and the healthcare industry—while the economy is already floundering from tariffs, as shown by a new financial forecast from the OECD. Professor Richard Wolff unpacks the motivations behind the bill, the effects it could have, and how it could be defeated.
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