Posted on 01/30/2015 1:45:57 PM PST by SeekAndFind
Halting President Obama’s deportation amnesty will end up hurting Uncle Sam’s bottom line, the Congressional Budget Office said Thursday in a new report that is bound to cause more problems for Republicans trying to block the White House’s executive action.
While keeping illegal immigrants in the shadows would save the government billions on spending, it would also mean billions in taxes that never get paid, leaving the federal budget a total of $7.5 billion worse over the next decade than it would be if Mr. Obama’s amnesties take effect as scheduled, the CBO said.
House Republicans have passed a bill to cancel the 2012 amnesty for so-called Dreamers and last November’s new amnesty, which expands the policy for Dreamers and enacts a new program for illegal immigrant parents.
The bill is now awaiting action in the Senate, where GOP leaders said they plan to tackle it beginning next week.
While the White House has said up to 5 million illegal immigrants would be eligible for the two amnesties, the CBO said it expects only about 1.5 million parents and 750,000 Dreamers to take advantage by 2017.
“CBO expects that the parents who are eligible for this program will be less likely than the people who are eligible for the original program to declare their unlawful presence to the government for a three-year deferral; in addition, they may have a harder time proving eligibility,” the analysts said.
Canceling the amnesties would mean those folks don’t come forward and don’t get the work permits that go along with the amnesty, sending many of them back to work off-the-books, which means less tax revenue for the government. The CBO said payroll taxes would take the biggest hit, suffering a $17 billion decline.
(Excerpt) Read more at washingtontimes.com ...
Figures never lie, but liars figure.
Just think how much money the government can make by legalizing prostitution and then taxing it! And drugs too!
Riiiiiiight!
I call BS on this....they can only score using the numbers given them and I bet not all the numbers are being handed to them............
not too far off from the truth
Mexico must be the richest country on the planet with all those magical wealth creating elves running around down there.
playing with numbers, just making it all up
The cost is passed to the states. There is no savings.
CBO crunches the numbers they’re told to.
BS!
They will all apply for welfare/section 8/Medicaid/food stamps, and keep working for cash.
The only government that makes out on the deal is Mexico!
What does it costs states and the American people to pay for police, jails, education, healthcare, welfare, lost Americans’ jobs, etc?
By this logic, we could import a billion illiterate third worlders and our tax debt would evaporate.
Bull Cheese.
Just how many billions will be subsequently paid out in Welfare Benefits, EBT cards, Section 8 housing, and on and on and on....
The Congressional Bullshit Office said THAT?
How about how much money they will cost in social services?
If the comparison is keeping illegals in the shadows (meaning working in the US, but not legally), then yeah.
But if the comparison is kicking the illegals out so that Americans can take those jobs, then no. Americans taking those jobs not only generates the same amount of taxes if not more, but reduces the cost of food stamps and other support programs that they were on.
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