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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 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 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 MoreVoters in 29 States Overwhelmingly Back Bipartisan Senate Immigration Bill
On June 13th, Harper Polling and Public Policy Polling jointly released the results of new polls in 29 states showing overwhelming voter support for the legislation. The polls were sponsored by the Partnership for a New American Economy, Alliance for Citizenship, and Republicans for Immigration Reform, representing the broad support for immigration reform from across […]
Read MoreHouse Immigration Bill Promotes Old Model Immigration Solutions
Today the House held a hearing on H.R. 2278, the “Strengthen and Fortify Enforcement Act” (the SAFE Act), which is designed, as its name suggests, to be a lopsided, enforcement-only bill that imposes additional criminal penalties, border security, and detention and deportation, while encouraging discredited policies such as self-deportation and state interference with immigration law. […]
Read MorePress Release: Voters in 29 States Overwhelmingly Back Bipartisan Senate Immigration Bill
New State Polls Shows Public Backs Elected Officials Who Vote for Senate Gang of Eight Bill WASHINGTON, DC— On the heels of the US Senate’s first vote on the Gang of Eight bipartisan comprehensive immigration reform bill, Harper Polling and Public Policy Polling jointly released the results of new polls in 29 states showing […]
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 MoreProcedural Path Of The Senate Immigration Bill
The Senate immigration reform debate has officially begun. Senate Majority Leader Harry Reid (D-NV) filed cloture on the motion to proceed Thursday on S. 744, the “Border Security, Economic Opportunity, and Immigration Modernization Act,” the first step to having the full Senate debate the measure after the Senate Judiciary Committee approved it a few weeks […]
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 […]
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