The Congressional Budget Office, the nonpartisan experts who analyze the financial impact of legislation, believes that the Senate immigration bill would reduce the deficit by almost $1 trillion over the next two decades, if passed.
How does that work? Immigration reform means that undocumented immigrants can come out of the shadows and start paying taxes for things like education and Social Security. It means that everyone plays by the same set of rules — which makes the economy fairer for middle class families.
- TAXES — $459 Billion in new revenues in the first 10 years
- ECONOMY — Increase Real GDP by 4.5% by 2033
- SOCIAL SECURITY — More the $200 Billion added to the Social Security Trust Fund in the next 10 years.
- NEW BUSINESSES — In 2011, immigrants started 28% of all new businesses while only accounting for 13% of the U.S. population