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Is a Border Surge the Only Way to Pass Immigration Reform and Ensure Legalization?
During the second full week of debate on S. 744, momentum towards passage increased with a positive CBO score, the defeat of several poison-pill amendments, and the announcement of a Republican border amendment that is thought to bring ten to fifteen Republicans to “yes” on final passage. A series of critical cloture votes is likely […]
Read MorePress Release: New Data Show Immigration Added $3.7 Trillion to U.S. Housing Wealth
Analysis of U.S. Census Data by Americas Society/Council of the Americas and the Partnership for a New American Economy Finds That Immigration Helped Stabilize Communities Where Home Prices Have Declined Americas Society/Council of the Americas (AS/COA) and The Partnership for a New American Economy today released new data from the U.S. Census showing that the […]
Read MoreImmigrants and Their Children Fill Gaps Left by Aging American Workforce
Over the next two decades, as the baby boom generation continues entering retirement, we will experience the largest exodus from the workforce by any generational cohort in American history. This wave of retirees will create a labor force deficit among the millions of jobs baby boomers depart from on top of new job growth industries […]
Read MoreImmigrants Boost U.S. Economic Vitality through the Housing Market
View the interactive map of the findings. New research by Americas Society/Council of the Americas (AS/COA) and New American Economy (NAE) finds that the 40 million immigrants in the United States have created $3.7 trillion in housing wealth, helping stabilize less desirable communities where home prices are declining or would otherwise have declined. Evidence already […]
Read MoreImmigrants Boost U.S. Economic Vitality through the Housing Market
View the interactive map of the findings. New research by Americas Society/Council of the Americas (AS/COA) and New American Economy (NAE) finds that the 40 million immigrants in the United States have created $3.7 trillion in housing wealth, helping stabilize less desirable communities where home prices are declining or would otherwise have declined. Evidence already […]
Read MoreThe Power of Reform: CBO Report Quantifies the Economic Benefits of the Senate Immigration Bill
According to the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT), the fiscal and economic effects of the Senate immigration reform bill (S. 744) would be overwhelmingly positive. If enacted, the bill would help reduce the federal budget deficit by approximately $1 trillion over 20 years, would boost the U.S. economy as whole without negatively affecting U.S. workers, and would greatly reduce future undocumented immigration. These are the conclusions laid out in three reports released in June and July 2013. On June 18, the CBO issued two reports on the version of S. 744 that was reported out of the Senate Judiciary Committee on May 28. 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 that some aspects of the bill would have on the U.S. economy. On July 3, the CBO issued a revised score on the version of the bill that passed the Senate on June 27. This version includes the Corker-Hoeven “border surge” amendment, which calls for a significant increase in border-enforcement spending.
What is a CBO score and what are its main implications?
Nearly every bill that is approved by a full committee of either house of Congress is subject to a formal cost estimate by the CBO. The report produced as a result of this analysis is known as the CBO “score.” The purpose of this analysis is to aid in economic and budgetary decisions on a wide assortment of programs covered by the federal budget. In general, the CBO estimates what the net fiscal impact of a bill would be, considering both the costs and the benefits associated with its implementation.
How the Senate Votes On Amendments
The Senate voted on four amendments to the immigration reform bill today, starting the ball rolling on what is likely to be a series of amendment votes over the next few days. The Senate rejected two votes requiring more enforcement at the border as a condition of implementing or completing a legalization program: Vitter 1228, […]
Read MoreHappy Birthday DACA!
A year ago, President Obama announced the DACA program from the steps of the White House Rose Garden. The announcement marked a victory for thousands of undocumented immigrant youth whose courage and activism inspired the Administration to take action. Since that day, over half a million young immigrants have come forward under DACA to seek […]
Read MoreAmerica’s Assimilating Hispanics
The Wall Street Journal June 17, 2013 As immigration reform moves through Congress, one claim by opponents is that this time immigration is different because the country’s latest arrivals aren’t assimilating. On the contrary, however, the evidence overwhelmingly shows that today’s immigrants are acculturating and moving up the economic ladder like previous generations. The media’s […]
Read MoreBusting the Myth of the “Job Stealing” Immigrant
Some critics of the immigration bill now winding its way through the Senate claim that it would increase unemployment among native-born workers—especially minorities—by adding more immigrants to an already tight job market. In fact, both the legalization and “future flow” provisions of the bill would empower immigrant workers to spend more, invest more, and pay […]
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