Common Dreams
What capitalism likes to keep quiet about itself would fill a book... or an evening news hour. (File)Tax-avoiding,
consumer-exploiting big business leaders are largely responsible for
these abuses. Congress just lets it happen. Corporate heads and members
of Congress seem incapable of relating to the people that are being
victimized, and the mainstream media seems to have lost the ability to
express the views of lower-income Americans.1. Corporations Profit from Food Stamps
It's odd to think about billion-dollar financial institutions objecting to cuts in the SNAP program, but some of them are administrators of the program, collecting fees from a benefit meant for children and other needy Americans, and enjoying subsidies of state tax money for services that could be performed by the states themselves. They want more people on food stamps, not less. Three corporations have cornered the market: JP Morgan, Xerox, and eFunds Corp.
According to a JP Morgan spokesman, the food stamp program "is a very important business to JP Morgan. It's an important business in terms of its size and scale...The good news from JP Morgan's perspective is the infrastructure that we built has been able to cope with that increase in volume.."
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