Analysts from the Congressional Budget Office reported this week that
proposed legislation to comprehensively reform immigration laws would
save the nation hundreds of billions of dollars over the next two
decades. The benefits of increasing legal resident totals from
immigration legislation, including the so-called pathway to citizenship,
would strengthen the U.S. economy through increased tax revenue. Over
the first decade, the federal budget deficit would be decreased by $197
billion. Over the second decade, the deficit reduction could be as great
as $700 billion, according to the Congressional Budget Office.
“The findings in this report give proof that implementing smart
immigration reform will strengthen the U.S economy,” said Laura Lichter,
President of the American Immigration Lawyers Association. “Creating an
immigration system that puts immigrants on a path to citizenship will
not only boost wages and entrepreneurship, but will also bring more tax
contributions and spending to small businesses in their local
economies.”
