Mar 6, 2014 | By CAP Action War Room
Raising The Minimum Wage Would Save Taxpayers Billions On Food Stamps (Click on this heading for a very nice graphic)
Our colleagues at the Center for American Progress released a report yesterday showing that raising the minimum wage to $10.10 per hour would lower government spending on the Supplemental Nutrition Assistance Program (SNAP) by a whopping $46 billion over the next 10 years.
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Just a few months ago, Republicans pushed deep cuts in SNAP, also known as food stamps, of $40 billion. What this research proves is that the best way to reduce safety net spending is not by slashing this vital assistance that lifts millions out of poverty; it's by improving families' bottom lines by ensuring they are not earning poverty wages to begin with.
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Those billions of dollars in savings also represent taxpayer subsidies for low-wage employers. Many of these employers pay their workers so little that they can't even afford to make ends meet, leaving them to rely on government assistance to get by. Raising the minimum wage will essentially roll back those subsidies, helping elevate millions out of poverty.
[We all know cutting SNAP isn't about big government - it's about conservative hate for minorities - Bozo]
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