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Senate Passes Landmark Immigration Reform Bill
The Senate approved a massive overhaul of the nation’s immigration policies today in a historic vote. They voted 68-32 to approve S. 744, the Gang of Eight’s immigration reform measure that the Senate Judiciary Committee passed in May. Immediately after the vote, Sen. Dick Durbin (D-IL), a member of the Gang of Eight and sponsor […]
Read MorePress Release: Statement of Partnership for a New American Economy Co-Chair and New York City Mayor Michael R. Bloomberg on U.S. Senate’s Passage of Comprehensive Immigration Reform Legislation
“Today we are one step closer to the biggest overhaul of our immigration laws in a generation. This bill will allow us to attract the talented and hard-working people who want to come and stay here to work and start businesses – and help our economy grow. A strong bi-partisan group of Senators voted to […]
Read MorePress Release: Map The Impact of Immigration Across the Nation
New interactive 50-state maps shows the positive impact of immigration across industries all over United States. The Partnership for a New American Economy today released a new interactive 50-state map (available here: http://maptheimpact.org) combining both economic and demographic data with individual stories of immigrants who are helping the US economy and creating American jobs. In […]
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 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 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 MoreSenate Overwhelmingly Approves Motion To Proceed To Immigration Bill
S. 744, the Gang of Eight’s immigration reform bill, cleared another significant hurdle today when the Senate approved a motion to proceed to the legislation. The motion to proceed passed overwhelmingly by a vote of 84-15.
Read MoreHow Immigrant Entrepreneurs Fare in the New Immigration Bill
With the Senate Judiciary Committee’s vote last week to pass S.744 on to the Senate floor, a new proposal for spurring immigrant entrepreneurship and innovation will be before Congress. Title IV, Subtitle H of the bill creates the INVEST visa (Investing in New Venture, Entrepreneurial Startups, and Technologies) for immigrant entrepreneurs. This new visa program […]
Read MoreWhat Does the Success of the Mark-Up Tell us About the Coming Full Senate Vote on Immigration?
One year ago, with the presidential race in full swing and proponents of self-deportation making the headlines, it would have been difficult to predict the extraordinary vote that took place Tuesday in the Senate Judiciary Committee. Ten Democrats and three Republicans voted to pass S. 744 out of committee and send a comprehensive immigration bill […]
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