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How 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 MoreExperts from Left and Right Agree on Economic Power of Immigration Reform
In recent years, study after study has demonstrated a simple yet economically powerful truth about broad-based immigration reform: workers with legal status earn more than workers who are unauthorized—and these extra earnings generate more tax revenue, as well as more consumer spending, which creates more jobs. As a new report from the Center for American […]
Read MoreSenate Judiciary Committee Reaches Agreement on Immigration Reform Bill
After three weeks and hours of debate over five days, the Senate Judiciary Committee approved S. 744, the “Border Security, Economic Opportunity, and Immigration Modernization Act,” on a bipartisan 13-5 vote, with GOP Senators Lindsey Graham (SC), Orrin Hatch (UT), and Jeff Flake (AZ) voting with the Democrats. Advocates in the hearing room burst into […]
Read MoreWill Due Process Protections Be Preserved in Senate Mark-Up?
On Thursday, the Senate Judiciary Committee began its mark-up of Title III of S.744, the Border Security, Economic Opportunity, and Immigration Modernization Act. When the mark-up continues on Monday, Senators are likely to vote on amendments addressing immigration courts. These amendments will be crucial in determining whether the full Senate receives a bill that provides […]
Read MoreDay Two of Senate Immigration Mark-Up Continues With Temporary Employment Visas
On the second day of the Senate Judiciary Committee’s mark-up of S. 744, the “Border Security, Economic Opportunity, and Immigration Modernization Act,” the senators tackled most of the amendments to Title IV after finishing debate on a few border security amendments. The fourth section addresses the majority of non-immigrant temporary visas including those for high […]
Read MoreFueling the Recovery
How High-Skilled Immigrants Create Jobs and Help Build the U.S. Economy
With the U.S. economy still recovering, it may seem counterintuitive to believe that any industry would benefit from having more workers. But that is precisely the case when it comes to those industries which depend upon highly skilled workers. The United States has long faced a dilemma in this respect: the U.S. economy is, in general, absorbing more high-skilled professionals than the U.S. educational system produces or that are available in our workforce. That is one reason so many highly skilled workers in the United States are immigrants. For instance, in “STEM” occupations (science, technology, engineering, and mathematics), the foreign-born account for 26.1 percent of workers with PhDs and 17.7 percent of those with master’s degrees. However, arbitrary limits imposed by the U.S. immigration system, particularly the inadequate supply of green cards and H-1B visas, have restricted the ability of the U.S. to compete in the global battle for talent and ideas. Given that highly skilled professionals tend to create jobs through their innovative work, such limits are economically self-defeating.
High-skilled immigrant workers create new jobs.
How to Accurately Estimate the Economic Impact of the Senate Immigration Reform Bill
One of the most important questions being asked about the Senate immigration reform bill (S. 744) is how it will impact the economy. There is already a broad consensus among economic experts that immigration reform would be a net economic benefit in terms of jobs, wage levels, tax revenue, and Gross Domestic Product (GDP). As […]
Read MorePresident Obama’ Trip to Latin America Highlights Important Mutual Economic and Security Ties
President Obama spent three days last week traveling to Mexico as well as Costa Rica—his first second-term trip to Latin America. Mexico is the United States’ third largest trading partner, behind Canada and China, in terms of total goods, and the U.S. is Mexico’s largest trading partner. In addition, the largest share of immigrants who […]
Read MoreAdding it Up: Accurately Gauging the Economic Impact of Immigration Reform
With immigration reform legislation now making its way through Congress, it is imperative that we estimate as accurately as possible the full range of potential economic costs and benefits associated with any particular bill. It is especially important to establish the proper criteria for a complete, robust, and accurate fiscal scoring of any bill by the Congressional Budget Office (CBO). To that end, we should consider the growing consensus of the economic literature on the strongly positive benefits of immigration in general and of the various aspects of immigration reform in particular, as calculated using a variety of different methodologies. The CBO would be well-advised to keep this consensus literature in mind as it establishes the criteria it will use for scoring immigration reform legislation.
More and more research demonstrates the economic benefits of immigration reform.
The last few years have witnessed a burst in economic research showing the strongly positive net impacts of immigration in general and comprehensive immigration reform (CIR) in particular. Broad agreement has emerged as to not only the net economic and fiscal benefits of immigration and CIR, but the acceleration of those benefits over time. Moreover, these conclusions have been arrived at in studies utilizing a variety of different methodological approaches. It is important to point out that each of these different approaches is limited by a focus on separate aspects of immigration reform (Table 1). A complete methodological framework accounting for all of the components of CIR produces the largest-scale benefits.
New Heritage Report Ignores Broad Consensus on Economic Benefits of Reform
Today, the Heritage Foundation released a report that attempts to assess the fiscal costs associated with legalizing the 11 million unauthorized individuals living in the United States. The new report is similar to a 2007 study, which was widely criticized at the time of publication and continues to be refuted today by conservatives like Republican budget […]
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