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 ...
What a pantload.
We’d save tons of money by not arresting murderers too.
If they’re off the books, fine the employers!
If they are illegal, GET THEM THE HELL OUT!
Lol!
RE: I found the site I got the info on average yearly welfare of ilelgals- here it is: http://www.heritage.org/research/reports/2013/05/the-fiscal-cost-of-unlawful-immigrants-and-amnesty-to-the-us-taxpayer
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Thank you very much, appreciate it. :)
Garbage in, garbage out.
ObamaCare was supposed to save money, too.
Got the origin of those stats? I want to be able to use them!
It may save the Feds a few billion, but it will cost the taxpayers a trillion or so...
sorry no- just the site which cited them- link is a coupel iof posts up
What the Exempt Ones have been up to all along, since the Extortion Bank-Insurance Care MBS off-loading isn’t working as planned, they think they’re going to register 10-20 million Mexican squatters for their next tax scam.
Joh:12:3: Then took Mary a pound of ointment of spikenard, very costly, and anointed the feet of Jesus, and wiped his feet with her hair: and the house was filled with the odour of the ointment.
Joh:12:4: Then saith one of his disciples, Judas Iscariot, Simon’s son, which should betray him,
Joh:12:5: Why was not this ointment sold for three hundred pence, and given to the poor?
Joh:12:6: This he said, not that he cared for the poor; but because he was a thief, and had the bag, and bare what was put therein.
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