100 Billion More Reasons for Immigration Reform

Authors

  • Advocacy Team

New Deficit Reduction Plan: Immigration Reform

Last week, we discussed how immigration reform including a roadmap to earned citizenship for the 11 MILLION undocumented immigrants already here would be an $832 BILLION cumulative boost to the economy over the next ten years. Today, there’s even more evidence that immigration reform is just what the economy needs.

Official government estimates show that reforming our immigration system to increase legal immigration will be a huge boost to deficit reduction efforts. A chart highlighted today by ThinkProgress and Quartz shows why immigration reform might be one of the smartest and most effective deficit reduction plans out there:

The OMB estimates (pdf, p. 56) that increasing immigration by 300,000 people a year, to 1.3 million, would be the equivalent of 0.6% of GDP in deficit reduction, or about $100 billion, each year between 2014 and 2088. Sounds like plan to tackle the debt to me.

In addition to underscoring the benefits of immigration reform, this also shows that deficit reduction does not have to come exclusively from the kind of painful austerity spending cuts championed by the GOP. Smart policy changes in areas like immigration can also help reduce our deficit and grow the economy.

BOTTOM LINE: Immigration reform will boost the economy, reduce the deficit, and help create new opportunities for all Americans, no matter where they were born.

Evening Brief: Important Stories That You Might’ve Missed

Sequester cuts start causing massive delays at major airports, so of course the GOP unfairly blames President Obama.

Top Senate opponent of immigration reform loses it during hearing.

Amazing New York Times interactive on the Boston bombings.

Republicans who voted against Sandy aid now want it for West, TX explosion.

Kansas governor signs sweeping anti-abortion law, writes “JESUS + Mary” in his notes on the bill.

Former White House chief of staff, Chicago mayor: Sen. Heitkamp (D-ND) betrayed me on gun bill.

White House backs online sales tax plan.

GOP immigration dead-ender says DREAMers should self-deport.

Canadian police derail terror plot targeting New York-Toronto rail line.

Today is Earth Day — and the last day for comments on a draft environmental assessment of the Keystone XL tar sands pipeline.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.

Authors

Advocacy Team