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 ...
What BS
Lord.
Does this money just magically appear?
Getting the money from an entry fee?
And it will only cost $8 trillion to support them.
Exactly.
What the f-—...?!?!
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.
Yeah the “non partisan CBO” . What a load of BS.
If only we didn’t murder 70,000,000 of our own children. We wouldn’t be needing to do this crap.
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.
Same stupid argument used for legalizing drugs.
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.
All to shore up SS and Medicare, comrades.
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.
They are lying.
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.
And this, my FRiends, is gaslighting.
Spending the $$$$$$$ the government gives them.
I would only believe this if the Feds put a $10,000 head tax on all illegals.
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