The Supplemental Nutrition Assistance Program (SNAP), also known as food stamps, is being cut today for close to 48 million people.

The cuts are taking place because the 13.6 percent increase in SNAP benefits, included in President Obama's 2009 stimulus program, officially ended today.

The cuts leave people on food stamps with an estimated average $1.40 to spend on each meal, according to the U.S. Agriculture Department, noted the UPI.

MSNBC's "All In" host Chris Hayes reported this week that people in New York City were already standing in lines for hours at food banks to prepare for today's cuts, which many Republicans strongly support, reports (video below).

However, this is just the beginning of the pain for millions of low-income Americans.

"The bigger cliff, which I'm surprised people aren't talking about, is emergency unemployment benefits Jan. 1," Michael Feroli, a JPMorgan Chase Economist, told The New York Times.

The Emergency Unemployment Compensation (EUC) program, funded by Obama's stimulus package, extended unemployment benefits beyond the normal 26 weeks up to 99 weeks and then back down to 73 weeks.

The EUC returns to 26 weeks on Jan. 1, 2014.

The Republican-controlled House supports cutting another $39 billion from food stamps over 10 years, while Democrats in the Senate support cutting $4 billion, which is likely a mid-term election ploy.

Sources: UPI,, The New York Times