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Intro: Entrepreneurship
Immigrants have consistently demonstrated a strong entrepreneurial spirit and propensity to create new businesses. For example, immigrants are more than twice as likely as native-born citizens to start new businesses, and 28 percent of all U.S. companies started in 2011 had immigrant founders – despite immigrants comprising roughly 13 percent of the population. A study from 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.
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 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 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 MoreLawsuit Seeks to Learn How Government Responds to Complaints of Misconduct by Immigration Judges
Washington, DC – The public has a right to know whether the government adequately investigates and resolves complaints alleging misconduct by immigration judges, the American Immigration Lawyers Association (AILA) said in a lawsuit filed today in federal district court in Washington, D.C. The lawsuit, filed under the Freedom of Information Act (FOIA), challenges the refusal […]
Read MoreSenate Floor Debate Must Maintain Spirit of Compromise
Washington D.C. – Today, the long-awaited opportunity to reform the country’s dysfunctional immigration system moves one step closer to reality as the full Senate begins consideration of S. 744, the Border Security, Economic Opportunity and Immigration Modernization Act. The Senate Judiciary Committee set a high standard for civility and transparency during its markup of the […]
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 MoreSenate Judiciary Committee Votes to Pass Immigration Bill on to Full Senate
Mark-Up Characterized by Transparency and Bipartisan Cooperation Washington D.C. – Today, on a bipartisan vote of 13 to 5, the Senate Judiciary Committee voted to pass Senate Bill 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, out of the committe and on to the Senate floor for a full vote in the coming […]
Read MoreLegalizing 11 Million Aspiring Americans
Washington D.C. – Today, the Senate Judiciary Committee continues mark-up of S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act. The Committee is expected to complete work on Title Three and then begin considering amendments related to the legalization component of Title Two. Creating a pathway to citizenship is one of the fundamental […]
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