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Recent wave of illegal immigration could net the federal government nearly $1 trillion, study says
San Antonio Express News ^ | 07/26/2024 | By Benjamin Wermund, Austin Bureau

Posted on 07/26/2024 7:24:44 PM PDT by Responsibility2nd

The CBO estimates the immigration surge will create $1.2 trillion in federal revenue over the next decade, mostly from income taxes and spending by the estimated 8.7 million migrants living in the U.S. during that time.

The recent surge in migration across the southern border could help slash the federal deficit by nearly $1 trillion over the next decade, according to a recent report by the nonpartisan Congressional Budget Office.

The CBO estimates the immigration surge will create $1.2 trillion in federal revenue over the next decade, mostly from income taxes and spending by the estimated 8.7 million migrants living in the U.S. during that time. Those same migrants would cost the federal government just $300 billion in health care and other costs, according to the estimate, bringing the net benefit to $900 billion.

The new study builds on an extensive body of research showing immigrants are a boon to the economy, especially at the federal level. Immigrants have federal taxes withheld from their paychecks, and pay sales tax, property tax and more.

But it includes one big caveat: the total doesn’t factor in the costs of border crossings to state and local governments, which in some cases have spent heavily to accommodate the massive influx of asylum seekers.

(Excerpt) Read more at expressnews.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Front Page News; Government; Political Humor/Cartoons; Politics/Elections
KEYWORDS: 000001absurdnumbers; 00001wokemath; agitprop; aliens; baldfacedliar; baldfacedlie; benjaminwermund; biden; bidenbordercrisis; bidenborderinvasion; bidenpolicyfailures; cbo; cheese; followthemoney; illegals; invasion; moose; narrative; sister

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For this evening's entertainment....
1 posted on 07/26/2024 7:24:44 PM PDT by Responsibility2nd
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To: Responsibility2nd

What BS


2 posted on 07/26/2024 7:26:43 PM PDT by goodnesswins (DEI....Divide, Enslave, Indoctrinate.....OR ......Didn't Earn It)
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To: Responsibility2nd

Lord.

Does this money just magically appear?


3 posted on 07/26/2024 7:27:11 PM PDT by ClearCase_guy (It will be Michelle.)
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To: Responsibility2nd

Getting the money from an entry fee?


4 posted on 07/26/2024 7:28:00 PM PDT by SkyDancer ( ~ Am Yisrael Chai ~)
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To: Responsibility2nd

And it will only cost $8 trillion to support them.


5 posted on 07/26/2024 7:28:03 PM PDT by Lurkina.n.Learnin (The road to tyranny is paved with compliance )
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To: Lurkina.n.Learnin
And it will only cost $8 trillion to support them.

Exactly.

6 posted on 07/26/2024 7:30:24 PM PDT by norcal joe
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To: Responsibility2nd

What the f-—...?!?!


7 posted on 07/26/2024 7:30:24 PM PDT by Ciaphas Cain (A perfect storm. There will be no escape from what is coming.)
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To: Responsibility2nd

The US government spends about $18,000/US resident per year.

If Jose and Maria Ilicto had two children, they would have to pay $72,000 in federal taxation annually to fund their per capita share. That $72,000 is probably more than their likely income.

It will cost nearly half a million dollars on average to put a kid through a K-12 public education in New York City.


8 posted on 07/26/2024 7:30:28 PM PDT by Brian Griffin (*** Help Trump, fund Republican candidates: https://ballotpedia.org/U.S._House_battlegrounds,_2024)
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To: goodnesswins

Yeah the “non partisan CBO” . What a load of BS.


9 posted on 07/26/2024 7:31:18 PM PDT by gibsonguy
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To: Responsibility2nd

If only we didn’t murder 70,000,000 of our own children. We wouldn’t be needing to do this crap.


10 posted on 07/26/2024 7:31:22 PM PDT by Dogbert41 (“Blessed are the peacemakers, for they will be called children of God” -Matthew 5:9)
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To: ClearCase_guy
Does this money just magically appear?

Good God no, man. Where have you been. It's created by teh Federal Reserve through quantitave easing [the digital fed book-keeping equivalent of running the printing presses].

What it also ignores is all the costs associated with providing goodies to illegals while displacing American citizens who are shove out of homes, marginalized and subject to enormous inflation.

11 posted on 07/26/2024 7:34:00 PM PDT by AndyJackson
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To: Responsibility2nd

Same stupid argument used for legalizing drugs.


12 posted on 07/26/2024 7:37:06 PM PDT by ealgeone
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To: Responsibility2nd

We are paying for all their medical expenses! They are bringing in drugs and diseases and crime.

This fake CBO review is maddening. We have people being raped and killed by illegals, everywhere.


13 posted on 07/26/2024 7:38:28 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: Responsibility2nd

All to shore up SS and Medicare, comrades.


14 posted on 07/26/2024 7:39:16 PM PDT by crusty old prospector
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To: Responsibility2nd

Whoa!!!! These illegal aliens receive welfare checks. food stamps, Obama phones and more benefits. It’s called a national expense, often called a national disgrace.


15 posted on 07/26/2024 7:39:48 PM PDT by elpadre
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To: goodnesswins
With such logic if real, invite a billion of illegal immigrants and with such wealth we would not need to work at all and benefit of our open borders.

They are lying.

16 posted on 07/26/2024 7:42:45 PM PDT by cpdiii (t)
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To: Responsibility2nd

Big corporations will love to dump white men and hire these people so they can save money.

Big corporations are now the enemy of civilization.


17 posted on 07/26/2024 7:44:57 PM PDT by pigeoninthepark
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To: Responsibility2nd

And this, my FRiends, is gaslighting.


18 posted on 07/26/2024 7:45:09 PM PDT by rottndog (What comes after America?)
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To: Responsibility2nd

Spending the $$$$$$$ the government gives them.


19 posted on 07/26/2024 7:45:22 PM PDT by Glad2bnuts (“And how we burned in the camps later, thinking: We should have set up ambushes...paraphrased)
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To: Responsibility2nd

I would only believe this if the Feds put a $10,000 head tax on all illegals.


20 posted on 07/26/2024 7:45:51 PM PDT by VanShuyten ("...that all the donkeys were dead. I know nothing as to the fate of the less valuable animals)
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