How immigration reform would affect small businesses
Date: March 26, 2015
Immigration reform has long been a divisive issue, as politicians, advocacy groups, and pundits fight over whether Congress should grant legal status to the 11 million undocumented immigrants living in the United States. But there’s at least one group that has for the most part reliably remained in favor of taking action: the business community.
Most — though not all — experts agree that comprehensive immigration reform, if it ever passes, and the president’s executive action, if it’s ever implemented, would have a beneficial effect on the economy. Either one could add billions to the gross domestic product over the next two decades while increasing the tax base and reducing the federal deficit. At the same time, bringing more legal workers into the system could help improve the Social Security Trust Fund’s fiscal solvency.