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  • Recent wave of illegal immigration could net the federal government nearly $1 trillion, study says

    07/26/2024 7:24:44 PM PDT · by Responsibility2nd · 72 replies
    San Antonio Express News ^ | 07/26/2024 | By Benjamin Wermund, Austin Bureau
    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...