Filter
Immigrants 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 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 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 […]
Read MoreAllies, Not Enemies: How Latino Immigration Boosts African American Employment and Wages
Latino immigrants and African Americans fill complementary roles in the labor market—they are not simply substitutes for one another.
Read MoreStates Work To Improve Immigration Policies As Senate Immigration Bill Debate Begins
State legislatures are mostly winding down their 2013 legislative sessions after several states made huge strides on immigration reform. While Congress continues to debate how to overhaul the nation’s immigration system, several states have moved to make qualified undocumented immigrants eligible for in-state tuition rates and to allow undocumented immigrants to drive legally. These and […]
Read MoreImmigrant Entrepreneurs Grow Industries and Create Jobs
As you might suspect, immigrant entrepreneurs are key drivers in the transportation, food and building services industries. And a recent report from the Immigrant Learning Center (ILC) shines a spotlight on immigrant entrepreneurship in these industries, with a particular geographic focus on Massachusetts, New York, and Pennsylvania. Concerning the three industry areas, the ILC study […]
Read MoreMake a contribution
Make a direct impact on the lives of immigrants.
