Undocumented Immigrants Boost Economy

US Govt. Report: Undocumented Immigrants Boost Economy

Based on an estimated increase of 1.7M immigrants per year from
2021-2026, a US Congressional Budget Office (CBO) report says the
country will see an increase of $1.7T in federal revenue from
2024-2034 and a $897B decrease to the federal deficit.

This figure is based on projections that through their participation
in the labor market, they will pay $788B in taxes, adding $387B in
federal revenue through their general effect on the economy

Regarding the children of immigrants who are born in America, the
report says their access to welfare will increase total federal
program expenditures and debt interest by $300B over the 10-year
period, resulting in an additional $23B in mandatory spending in
2034.[2]

Regarding the debt, the report states that while undocumented migrants
will lead to a debt reduction of $4B from 2024-2028, their presense in
the country will increase debt spending by $101B between 2024 and
2034.[1]

Their overall participation, however, is estimated to lead to an $8.9T
increase to the nation's gross domestic product (GDP) over the 10
years.[2]

https://www.improvethenews.org/story/2024/us-govt-report-undocumented-immigrants-boost-economy