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Press 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 MoreImmigrants Boosted The Housing Market By $3.7 Trillion, Study Says
The Huffington Post June 20, 2013 Immigrants have boosted the value of the U.S. housing market by a whopping $3.7 trillion from 2000 to 2010, according to new data co-published by the Americas Society/Council of the Americas and the Partnership for a New American Economy. The organizations say the data, available in the form of […]
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.
CBO Gives High Marks to Senate Immigration Bill
Yesterday, the Congressional Budget Office (CBO) released its much-anticipated “scoring,” or cost estimate, of the Senate immigration bill. Overall, the numbers are good. Very good. The CBO projects 20 years ahead and predicts fiscal savings in the amount of roughly $1 trillion. In addition, the CBO explained in a separate report that the bill would […]
Read MoreCrafting a Successful Legalization Program: Lessons From the Past
One of the themes that emerged from the Senate Judiciary Committee mark up of the 2013 Senate immigration bill was the necessity of avoiding the mistakes of the past. In the context of legalization for the 11 million unauthorized immigrants now in the United States, the argument is often made that the 1986 law wasn’t tough enough, and any new legalization program should have more requirements and restrictions. However, in my 39-year career with the Department of Homeland Security (DHS) and former Immigration and Naturalization Service (INS), and after years of studying implementation of the 1986 law, I’ve reached a different conclusion. A successful legalization program depends on simplicity and common sense. There are many lessons to be learned from the 1986 law about how to design a better legalization program. Fortunately, many of those lessons have been absorbed by the drafters of S. 744, the Border Security, Economic Opportunity and Immigration Modernization Act. Nonetheless, as the debate continues on this bill, it is important to reiterate the importance of good design and thoughtful implementation. That is what will ensure success and provide the country with a working immigration system.
Read MoreHow 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 […]
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