72.8 F
Park Forest
Saturday, August 13, 2022
Subscribe to eNews Park Forest

$37 Million in Revenue Lost Each Day Without Immigration Reform

Washington, D.C.–(ENEWSPF)–November 7, 2013.  Today, as Americans wait for the House of Representatives to take up immigration reform, new analysis from the Center for American Progress (CAP) shows the substantial impact that the passage of reform would make.

The Congressional Budget Office estimated that S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, would reduce our deficit by $135 billion over the first 10 years. Based on those calculations, CAP estimates that in the four months since the Senate passed S. 744, we have already missed out on a net $4.9 billion in additional tax revenues. With each additional day that passes, another $37 million in revenue is lost.

There is no denying the powerful impact that immigration reform could have on our economy. But the clock is ticking. Each minute that the House waits to pass immigration reform is another minute we are losing out on the economic benefits of reform. The cost of inaction is too high for the House to postpone immigration reform any longer.

View the lost revenue clock here

Related resources:

The Economic Effects of Granting Legal Status and Citizenship to Undocumented Immigrants by Robert Lynch and Patrick Oakford

Infographic: How Legalization and Citizenship Helps the Economy by the CAP Immigration Team

National and State-by-State Economic Benefits of Immigration Reform by Robert Lynch and Patrick Oakford

Source: americanprogress.org

 

Recent Articles

Stay Connected

3,827FansLike
1,274FollowersFollow
574SubscribersSubscribe

Local Advertisers

DonnerHollen Construction
Prairie State College
Dining on the Green, Downtown Park Forest
Proud member of LION Publishers

ENEWSPF NEWS ALERTS

Trending

Park Forest
clear sky
72.8 ° F
76.8 °
70.6 °
66 %
2.9mph
0 %
Sat
78 °
Sun
82 °
Mon
75 °
Tue
81 °
Wed
82 °

About Google Ads

The Google-supplied ads that appear on this website are not reviewed ahead of time and differ for each visitor. If anything offensive, inappropriate, or otherwise unwholesome appears, please notify us so we can take steps to block that specific advertiser. Email the URL or advertiser name to [email protected].