This paper from Single Stop USA, CLASP, and First Focus describes the president’s budget proposal to create an asset limit floor for several federal means tested programs.
This proposal would simplify program rules and allow low-income families to remain eligible for critical programs that help make ends meet, even if they have a modest amount of savings.
Programs that would be covered include:
- Supplemental Nutrition Assistance Program (SNAP, formerly food stamps
- Temporary Assistance for Needy Families (TANF) cash assistance
- Low-Income Home Energy Assistance Program (LIHEAP)