CBO Report Says Immigration Reform Can Reduce Federal Deficit

A new report by the non-partisan Congressional Budget Office (CBO) indicates that if the immigration bill now being debated by the U.S Senate became law it would increase the U.S. population by 10.4 million people while decreasing the federal budget deficit by $197 billion between 2014 and 2023. The deficit reduction would occur because of increasing tax revenue received when newly legalized immigrants pay income and payroll taxes. Other experts suggest the boost to the workforce will help keep the Social Security system solvent for years to come.

Leave a Reply

Your email address will not be published. Required fields are marked *