With food benefit cuts looming in the US, Californians eye billionaire tax

Author: Saumya RoyPublished on: May 10, 2026Country: United States
PoliticsBusiness & Economy
With food benefit cuts looming in the US, Californians eye billionaire tax

In California, over 5.3 million people receive food benefits, which are now at risk due to Donald Trump's One Big Beautiful Bill Act, cutting SNAP benefits by more than $186 billion over ten years. Greer Dove, a single mother, relies on these benefits to support her eight-year-old daughter. California is also considering a one-time 5% tax on the assets of its more than 200 billionaires to offset these cuts.

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