Thursday, April 16, 2009

Benefits of Immigration Reform in a Bear Market Economy

While Obama has made clear that fixing the economy is his number one priority, a summary of recent research released by the Immigration Policy Center (IPC) shows that fixing the broken immigration system could bring us one step closer to economic recovery.

As right-wing pundits falsely claim that immigration reform would cost the American public ““billions,” available research suggests that — had the Comprehensive Immigration Reform Act of 2006 passed — it would have generated a much needed $66 billion in new revenue during 2007-2016 from income and payroll taxes, as well as various administrative fees. Workers with legal status earn and spend more, as evidenced by the effects of the 1986 Immigration Reform and Control Act (IRCA).

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