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Arkansas committee rejects bill to raise SNAP asset limit to inflation-adjusted level
Summary
Lawmakers debated a proposal to raise Arkansas’ SNAP asset limit to the 1977 baseline adjusted for inflation (roughly $7,800) and allow biennial CPI adjustments; proponents said it would encourage savings, opponents warned of perverse incentives. The committee voted the bill down.
Senator (sponsor of SB 650) introduced Senate Bill 650 to raise Arkansas’ Supplemental Nutrition Assistance Program asset limit to the 1977 baseline adjusted for inflation — roughly $7,800 — and to allow the Department of Human Services to request the federal waiver and adjust the threshold every two years based on CPI. The sponsor said the change would encourage savings for low-income households…
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