Thursday, September 20, 2012

Taxpayers subsidizing giant soft drink companies

Yep, it's actually not news, but it's sure a lot of money. Maybe Richard Raymond will re-introduce his bill to not subsidize junk food with SNAP program.

From Fox News

The federal government’s major food-assistance program pays out as much as $2.1 billion annually for the purchases of sugar-sweetened drinks, according to a new study.

The Supplemental Nutrition Assistance Program, more commonly known as food stamps, overall pays out roughly $80 billion annually to roughly 46 million poor and low-income Americans, according to the federal government.

The study conducted by Yale University researchers and published Monday by the American Journal of Preventive Medicine also points out that the findings were made at the same time the federal government’s Dietary Guidelines for Americans is recommending Americans cut back on sugary drinks.

The eight-page study also stated the upcoming reauthorization for the Agriculture Department-administered program might be a good time to “reconsider the program priorities” -- specifically trying to better ensure the taxpayer money goes to more nutritional diets.

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