boutons_deux
06-19-2013, 04:37 PM
CBO projected (http://www.cbo.gov/sites/default/files/cbofiles/attachments/s744.pdf) that the Senate bill would cut the dreaded federal deficit by $197 billion over the next ten years, and $700 billion more in the decade after that.
Cheered on by the Heritage Foundation (http://blog.heritage.org/2013/05/31/senator-asks-congressional-budget-office-to-project-long-term-cost-of-amnesty/) – which has been squishy on immigration reform in the past and is now trying to shore up its creds with the Tea Party set – Jeff Sessions, R-Alabama, one of the staunchest opponents of immigration reform (who only incidentally happens to be a “ vile racist (http://wonkette.com/416347/vile-racist-scumbag-jeff-sessions-its-his-day-to-shine)”) requested that the CBO analyze the impacts of the law beyond its usual 10-year window.
So they did. In addition to the positive impact on the budget, CBO says 8 million unauthorized immigrants would likely come out of the shadows (after paying $1,000 fine and jumping through some other hoops). By 2023, CBO estimates a small hit of 0.1 percent to native-born workers' wages, but says the reforms would boost native wages by 0.5 percent in 2033.
Overall, as Ezra Klein puts it (http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/18/cbo-immigration-reform-is-a-free-lunch/?wprss=rss_business):
The bill’s overall effect on the overall economy is unambiguously positive: CBO expects real GDP to increase by 3.3 percent by 2023 and by 5.4 percent in 2033. The reasoning here is a bit more complex: It’s not just that the bill would mean more workers, but that it would mean more productive workers. CBO says that the law would “lead to slightly higher productivity of both labor and capital because the increase in immigration — particularly of highly skilled immigrants — would tend to generate additional technological advancements, such as new inventions and improvements in production processes.”
In 2006, the Texas State Comptroller – a Republican – did the first comprehensive study of the fiscal impact of unauthorized immigration (http://www.window.state.tx.us/specialrpt/undocumented/undocumented.pdf) on a state with a very high number of foreign-born. Unfortunately, it only looked at the undocumented. And while it found some significant strain being put on local budgets (much of it from law enforcement), state-wide, “undocumented immigrants produced $1.58 billion in state revenues, which exceeded the $1.16 billion in state services they received.”
http://www.alternet.org/news-amp-politics/right-wing-immigration-foes-wrong-says-cbo
Cheered on by the Heritage Foundation (http://blog.heritage.org/2013/05/31/senator-asks-congressional-budget-office-to-project-long-term-cost-of-amnesty/) – which has been squishy on immigration reform in the past and is now trying to shore up its creds with the Tea Party set – Jeff Sessions, R-Alabama, one of the staunchest opponents of immigration reform (who only incidentally happens to be a “ vile racist (http://wonkette.com/416347/vile-racist-scumbag-jeff-sessions-its-his-day-to-shine)”) requested that the CBO analyze the impacts of the law beyond its usual 10-year window.
So they did. In addition to the positive impact on the budget, CBO says 8 million unauthorized immigrants would likely come out of the shadows (after paying $1,000 fine and jumping through some other hoops). By 2023, CBO estimates a small hit of 0.1 percent to native-born workers' wages, but says the reforms would boost native wages by 0.5 percent in 2033.
Overall, as Ezra Klein puts it (http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/18/cbo-immigration-reform-is-a-free-lunch/?wprss=rss_business):
The bill’s overall effect on the overall economy is unambiguously positive: CBO expects real GDP to increase by 3.3 percent by 2023 and by 5.4 percent in 2033. The reasoning here is a bit more complex: It’s not just that the bill would mean more workers, but that it would mean more productive workers. CBO says that the law would “lead to slightly higher productivity of both labor and capital because the increase in immigration — particularly of highly skilled immigrants — would tend to generate additional technological advancements, such as new inventions and improvements in production processes.”
In 2006, the Texas State Comptroller – a Republican – did the first comprehensive study of the fiscal impact of unauthorized immigration (http://www.window.state.tx.us/specialrpt/undocumented/undocumented.pdf) on a state with a very high number of foreign-born. Unfortunately, it only looked at the undocumented. And while it found some significant strain being put on local budgets (much of it from law enforcement), state-wide, “undocumented immigrants produced $1.58 billion in state revenues, which exceeded the $1.16 billion in state services they received.”
http://www.alternet.org/news-amp-politics/right-wing-immigration-foes-wrong-says-cbo