10 Reasons Your Wallet Should Want Immigration Reform
Date: September 9, 2014
- Immigration reform would increase real GDP by 5.4% over the next 20 years.
- A 5.4% increase in GDP would add $1.4 trillion to the U.S. economy.
- Immigration reform would also decrease federal deficits by $1.2 trillion over the next 20 years.
- The U.S. would see a $66 billion boost in federal tax collection over 10 years from immigration reform.
- Immigration reform would add 9 million workers to the labor force by 2033.
- Immigrants’ productivity raises GDP by about $37 billion per year.
- Immigrant-owned businesses generated more than $775 billion in revenue for the U.S. economy in 2011.
- The 40 million immigrants in the U.S. have boosted home equity by $3.7 trillion.
- Attracting 100,000 new immigrants per year would grow housing wealth by $80 billion annually.
- Between 1996 and 2011, immigrants contributed a net of $182.4 billion to Medicare’s core trust fund, while the U.S.-born population generated a $68.7 billion deficit.
