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June 21, 2013

Senate Immigration Bill, S.744 Will Reduce the Federal Debt

Washington D. C. -  The Congressional Budget Office (CBO) and Joint Committee on Taxation issued two reports this week on the Senate Immigration Bill, S. 744. The first one analyzes (or “scores”) the fiscal impact of the bill over the next 20 years and the second one focuses on the impact some aspects of the bill would have on the U.S. economy. According to these reports, the expected fiscal and economic effects of the bill are overwhelmingly positive. All in all, S. 744 will help reduce the federal budget deficit by $1.1 trillion over 20 years, will boost the economy, and will not negatively affect U.S. workers. The Immigration Policy Center has produced a fact sheet that highlights the expected benefits of the bill on the U.S. budget, economy, and workforce.  http://www.cbo.gov/sites/default/files/cbofiles/attachments/s744.pdf