SNAP benefits to disappear this week for more than 2 million Americans

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00:00New tax laws kicked in this month, and they're about to hit millions of Americans who rely on SNAP benefits, better known as food stamps.

00:08But while families lose help, big grocery chains could actually gain.

00:14The Congressional Budget Office estimates nearly 2.5 million Americans will lose SNAP benefits over the next decade,

00:21with cuts ranging from $72 to $231 a month.

00:27SNAP dollars make up about 12% of all grocery sales.

00:31Experts say discount giants like Walmart, Kroger, and Costco will likely benefit as families stretch their budgets.

00:38Walmart, already the leader in SNAP sales, can use its size to offer lower prices than smaller stores can match.

00:45But for independent grocers, the cuts could be devastating.

00:49Katina Holiday, who owns a small market in Mississippi, told CNBC Walmart will, quote,

00:55benefit totally because small stores pay higher costs and have to keep prices up just to survive.

01:02Analysts say even if shoppers cut back, they still need food and will go where the dollar stretches the furthest.

01:09For more unbiased updates, download the Straight Arrow News app or go to san.com.