Free Republic

The growing undocumented immigrant population in the U.S. will lower the deficit by nearly a trillion dollars over the next decade, according to a study by the Congressional Budget Office (CBO). CBO’s projections are based on the net sum of economic activity generated, taxes paid and benefits allotted to the immigrant groups included in the study. The nonpartisan agency estimates a net population increase of 8.7 million such immigrants between 2021 and 2026, averaging an increase of 1.7 million people per year above the pre-2020 average annual net immigration of 200,000. CBO based its projections on the economic effects that...

Congressional Budget Office (CBO) Director Phillip Swagel said Tuesday that the office will start releasing estimates of portions of House Democrats' social-spending bill this week, and that a cost estimate of the full bill will come out "as soon as practicable." "The analysis of the bill’s many provisions is complicated, and CBO will provide a cost estimate for the entire bill as soon as practicable," Swagel said in a blog post on CBO's website. The comments come as a small group of moderate House Democrats has sought information about the cost of the bill from CBO prior to voting on...

House Speaker Nancy Pelosi is gearing up for a vote this week on President Biden’s multi-trillion-dollar social welfare legislation, but strong divisions remain among Democrats over the size and scope of the final bill. Mrs. Pelosi told reporters Monday that she was eager to push through the legislation during an event at the White House commemorating Mr. Biden’s signing of the bipartisan infrastructure package. “I’m so happy that hopefully this week we will be passing Build Back Better [legislation] to get tax cuts to America’s working families, to create millions of more jobs, to lower health care costs, and all...