- According to the Congressional Budget Office, however, the number of people eligible for the Supplemental Nutrition Assistance Program (SNAP) will actually go up as a result of the agreement.
How it works: At the moment, work requirements are in place for able-bodied adults under the age of 50 who do not live with any dependent children. Under the new law, the age cap will be increased to 54 after 2025 — but a new slew of exemptions will also be enacted.
- Adults under 54 — including many under 50 who are covered by existing work requirements — will be exempted if they’re veterans or experiencing homelessness, including individuals temporarily living in someone else’s home.
- Adults under 24 will also be exempted if they were in foster care when they turned 18.
What they’re saying: “[T]he agreement will provide meaningful & much-needed support for Americans who are homeless & housing insecure,” tweeted HUD secretary Marcia Fudge.
By the numbers: After 2025, when the new work requirements are in full effect, the CBO has determined that “approximately 78,000 people would gain benefits in an average month, on net.”
- While the new work requirements will save the government $6.5 billion between 2023 and 2033, the new exemptions will cost the government $6.8 billion over the same period.
- Overall, the cost of SNAP will rise by 0.2%, or $2.1 billion, over the decade.
The bottom line: The new SNAP work requirements do absolutely nothing when it comes to deficit reduction. But they do help veterans and the homeless.
With a 314-117 House vote to lift the debt ceiling until 2025, Speaker Kevin McCarthy (R-Calif.) proved he could harness his narrow majority to force President Biden to make policy concessions on issues that are deeply important to both parties.
Why it matters: Now Biden and McCarthy will have to decide whether their debt deal will be the first of their political compromises — or their last.