CBO Estimate: Immigration Reform Would Cut $197 Billion from Deficit
June 20, 2013
In a report released June 18th, the non-partisan Congressional Budget Office predicts that enacting the proposed immigration reform bill (S.744) “would generate changes in direct spending and revenues that would decrease federal budget deficits by $197 billion over the 2014–2023 period.” Over the same period, the CBO predicts that Federal revenues would rise by $459 billion, stemming from “additional collections of income and payroll taxes, reflecting both an increase in the size of the U.S. labor force and changes in the legal status of some current workers.”
TAGS: CBO, Economic Benefits of Immigration, Immigration Research
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