“The immigration surge, we project from 2021 to 2026, will result in about $1 trillion in additional revenue” over a ten year period, Dr. Phillip Swagel, director of the Congressional Budget Office (CBO) told lawmakers during a Tuesday hearing.
“The immigration surge, we project from 2021 to 2026, will result in about $1 trillion in additional revenue” over a ten year period, Dr. Phillip Swagel, director of the Congressional Budget Office (CBO) told lawmakers during a Tuesday hearing.
Thomas Sowell: There are no solutions, just trade-offs.
Illegal immigrants are a net fiscal drain, meaning they receive more in government services than
they pay in taxes. This result is not due to laziness or fraud. Illegal immigrants actually have
high rates of work, and they do pay some taxes, including income and payroll taxes. The
fundamental reason that illegal immigrants are a net drain is that they have a low average
education level, which results in low average earnings and tax payments. It also means a large
share qualify for welfare programs, often receiving benefits on behalf of their U.S.-born
children. Like their less-educated and low-income U.S.-born counterparts, the tax payments of
illegal immigrants do not come close to covering the cost they create.
CBO is strictly nonpartisan; conducts objective, impartial analysis; and hires its employees solely on the basis of professional competence without regard to political affiliation. CBO does not make policy recommendations, and each report and cost estimate summarizes the methodology underlying the analysis
Republicans — including former president and presidential candidate Donald Trump — have increasingly pointed to immigration as a drain on social safety nets for the elderly in recent months, including Social Security and Medicare.
Top budgetary experts bucked those claims during Tuesday’s panel as they argued immigrants could have a positive impact on Social Security.
Rep. Linda Sánchez (D-Calif.) first linked the hearing’s topic to immigration reform when she asked witnesses if increasing legal pathways to immigration would put the “Social Security Trust Fund in better shape,” which all three affirmed.
“That would make a significant difference,” Stephen Goss, Chief Actuary of the Social Security Administration (SSA), noted.
Who pays for the housing, the education, the health care, the food, and everything else these people need? They are not walking into jobs when they get here.
I don't understand how anyone can believe that the system that has destroyed our future with overspending can somehow accurately predict anything having to do with budgets and revenue. They tell you what you want to hear and know full well that our financial collapse is absolutely going to happen (because of math). Filling the country with people who are dependent on taxpayer funded services will only hurt our future. Look at how much any person has to make in this country before they have to start paying federal income tax. Common sense
