Economics
Immigrant Tax Contributions and the Future of the U.S. Economy
When it comes to the topic of immigration, Tax Day is a reminder of two important and often-overlooked points. First, immigrants pay billions in taxes every year. This is true even of unauthorized immigrants. Second, the federal government spends billions of taxpayer dollars each year on immigration-enforcement measures that wouldn’t be necessary if not for the chronic inability of Congress to reform our badly outdated immigration system. In other words, there is a strong fiscal case to be made for immigration reform. Were the U.S. immigration system to be given a 21st century overhaul, we would likely increase the tax dollars flowing from the immigrant community, and we would spend far less taxpayer money on immigration enforcement. Read More
New Legislation to Boost Tourism Would Bring Jobs, Revenue to U.S. Economy
When it comes to the global tourism market, the U.S. is missing out in a big way. So much so, in fact, that the Obama administration has issued two executive orders to address the drop in international tourism revenue. Over the last ten years, America’s share of the travel market fell from 17% in 2000 to 12% in 2010—a drop that translates into 467,000 lost jobs, $606 billion in lost spending by visitors, and $37 billion in lost tax revenue. Experts blame the dip on unnecessary visa processing delays and restrictions. But a new bipartisan tourism bill introduced this week seeks to remedy the U.S. tourism slump by reforming some visa processes, making it easier foreign nationals to visit and spend money in the U.S. Read More
New Legislation to Boost Tourism Would Bring Jobs, Revenue to U.S. Economy
When it comes to the global tourism market, the U.S. is missing out in a big way. So much so, in fact, that the Obama administration has issued two executive orders to address the drop in international tourism revenue. Over the last ten years, America’s share of the travel market fell from 17% in 2000 to 12% in 2010—a drop that translates into 467,000 lost jobs, $606 billion in lost spending by visitors, and $37 billion in lost tax revenue. Experts blame the dip on unnecessary visa processing delays and restrictions. But a new bipartisan tourism bill introduced this week seeks to remedy the U.S. tourism slump by reforming some visa processes, making it easier foreign nationals to visit and spend money in the U.S. Read More
Is Mississippi About to Make a Costly Mistake on Immigration?
Either Mississippi lawmakers aren’t aware of the hefty fiscal and legal burdens brought on by harsh immigration legislation in other states, or they just don’t care. This week, the Mississippi House passed HB 488, an immigration enforcement bill that allows local law enforcement to determine the immigration status of individuals during an arrest whom they “reasonably suspect” is in the country without documents. The bill, which passed out of the House by a vote of 70-47 this week, also makes it illegal for undocumented immigrants to enter into business transactions with the state, including the issuance of business and drivers licenses. The bill now goes to Mississippi’s Republican-controlled Senate. Read More
New Data Highlights Immigrant Integration and Economic Contributions
A recent analysis of data from the Census Bureau highlights the degree to which immigrants integrate into U.S. society and contribute to the U.S. economy. In its latest statistical profile of the foreign-born population, the Pew Hispanic Center presents statistics which illustrate that most immigrants have been here for more than a decade, more become homeowners the longer they are here, and growing numbers are becoming U.S. citizens. Moreover, the data show the degree to which immigrants fuel labor-force growth and fill valuable roles in the economy as workers in both high-skilled and less-skilled occupations. Read More
USCIS Convenes Summit to Consider Streamlined Path for Immigrant Entrepreneurs
By KIRSTEN SCHLENGER, MANAGING PARTNER AT WEAVER SCHLENGER MAZEL LLP. The business community has long heralded the vital role immigrant-owned startups play in creating American jobs. This month, it seems like someone at U.S. Citizenship and Immigration Services (USCIS) was listening. USCIS recently hosted its first in a series of summits dedicated to gathering expertise on how U.S. immigration law can enable foreign innovators to come to or remain in the U.S. lawfully while they start and grow businesses that benefit the U.S. economy. The informational summits, part of USCIS’s new Entrepreneurs in Residence (EIR) initiative, will result in the creation of a team of entrepreneurs and experts who are charged with designing and implementing USCIS policy that eases a path to the U.S. for talented immigrant entrepreneurs. Read More
Retiring Baby Boom Generation Will Rely on Immigrant, Hispanic Workforce
The U.S. population is rapidly growing older, which is having a dramatic impact on the U.S. labor force. The far-reaching effects of this demographic transformation are very much apparent in the projections released in January by the Bureau of Labor Statistics (BLS). As explained by Rakesh Kochhar of the Pew Hispanic Center, the BLS numbers indicate that “the aging of the non-Hispanic white population is expected to reduce their numbers in the labor force.” At the same time, “the Hispanic population is growing rapidly due to births and immigration.” For those reasons, says Kochhar, the BLS projections indicate that Latinos “will account for three-quarters of the growth in the nation’s labor force from 2010 to 2020.” Read More
Report by Maryland State Panel Details Positive Approach to Immigration
A new report from the Commission to Study the Impact of Immigrants in Maryland concludes that immigrants bring a plethora of economic, social, and cultural contributions to the state of Maryland. The commission, which was created by the Maryland General Assembly, also warns against attempts to deal with unauthorized immigration through enforcement-only policies that needlessly sow fear and distrust in immigrant communities. Rather, the commission admonishes, “Maryland must remain welcoming to immigrants, and the state and its local jurisdictions should further strengthen its efforts to integrate immigrants into the economy and the community.” Read More
Cato Institute Analyzes the Benefits of Immigration for the United States
The Winter 2012 issue of the Cato Journal is devoted to answering a single question: “Is Immigration Good for America?” In 13 articles, 16 scholars answer with a resounding “Yes!” The consensus is that immigrants provide a net benefit to the U.S. economy and to U.S. workers. There is also a consensus among the authors that the current immigration system, with its patchwork of arbitrary numerical caps, needlessly squanders the full economic potential of immigration. The authors call for a thorough revamping of the immigration system to make it more responsive to labor demand, to attract highly skilled professionals and entrepreneurs, and to offer a pathway to legal status for the unauthorized population. Read More
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