For Immediate Release
Immigration Reform: The $4 Trillion Opportunity
Comprehensive Immigration Reform Would Grow the U.S. Economy
WASHINGTON - As
policymakers wrestle with President's budget, there is a $4.1 trillion
choice in Washington that some in Congress want to keep under wraps:
Comprehensive Immigration Reform =
$1.5 trillion increase in GDP over 10 years
Mass Deportation =
$2.6 trillion loss in GDP over 10 years
immigration reform would grow the economy by ensuring that all workers
and employers pay their fair share of taxes and play by the same
rules. Reform would raise the wage floor for all workers and end the
underground economy where unscrupulous employers take advantage of
their workers and undercut honest employers who do the right thing.
anti-immigrant lobby's unrealistic agenda of mass deportation would
decimate the economic health of our nation and push the underground
economy deeper into the shadows.
A new report
called "Raising the Floor for American Workers: The Economic Benefits
of Comprehensive Immigration Reform," by the Immigration Policy Center
and the Center for American Progress shows that a policy of
comprehensive immigration reform would grow U.S. GDP by 0.84 percent
over 10 years, or a cumulative $1.5 trillion. The report also finds
that deporting 4 million workers and their dependents-just over half of
the undocumented workforce-would have a catastrophic impact on the
economy, shrinking GDP by $2.6 trillion over 10 years.
The conservative CATO Institute
also found that a comprehensive approach would benefit the economy,
while policies to tighten "enforcement" alone would harm the economy.
In fact, CATO found that the difference between what U.S. households
would gain or lose due to the best and worst immigration policies they
analyzed would be $260 billion each year.
Sharry, Executive Director of America's Voice, said: "In good economic
times and bad, the hard-line anti-immigrant lobby has worked to stop
progress on bipartisan immigration reform and lash out at immigrants no
matter the price tag. Polls show that independents, Republicans and
Democrats support comprehensive immigration reform and are frustrated
that Congress still hasn't solved the problem. Congress has a $4
trillion choice to make: pass comprehensive immigration reform and
grow the economy by $1.5 trillion - or enact the anti-immigrant lobby's
impractical mass deportation agenda at any cost."
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