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CBO says immigration reform would save the government many billions

The Congressional Budget Office Releases Its 2010 Budget

Steve Benen has the story HERE:

When the Heritage Foundation launched an offensive against comprehensive immigration reform in early May, it focused its attention almost exclusively on one area: the legislation’s price tag. After all, one of the first questions lawmakers ask in response to any proposal is, “What does it cost?” and if the bipartisan reform bill is too pricey, Congress will have a good excuse to reject it.

With that in mind, Heritage, relying on numbers that no one could take seriously, said immigration reform would cost taxpayers over $6 trillion. Yesterday, the non-partisan Congressional Budget Office — the official score-keepers for federal lawmakers — published a very different figure:

A long-awaited analysis by the Congressional Budget Office found that the benefits of an increase in legal residents from immigration legislation currently being debated in the Senate — which includes a pathway to citizenship — would outweigh the costs. […]

The report estimates that in the first decade after the immigration bill is carried out, the net effect of adding millions of additional taxpayers would decrease the federal budget deficit by $197 billion. Over the next decade, the report found, the deficit reduction would be even greater — an estimated $700 billion, from 2024 to 2033.

This is incredibly important, and puts conservatives in an exceedingly awkward position. According to the CBO’s non-partisan analysis, the comprehensive immigration reform plan pending on Capitol Hill would be one of the biggest deficit-reduction bills in decades, reducing the deficit by nearly $200 billion in the next decade, and nearly $900 billion over the next 20 years.

In an amusing twist, the CBO does not ordinarily score bill bills beyond the first 10-year window, but in this case, the agency made an exception — because Sen. Jeff Sessions (R-Ala.), a fierce opponent of reform, asked it to, assuming it would help bolster his case. Oops.

 

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4 Comments

  1. Neftali

    The US Chamber of Commerce, who tend to lean right, and last fall’s Republican VP nominee Paul Ryan both endorse the immigration reform bill passed by the Senate.

    However, Boehner said that unless it has “The majority of Republican support” he won’t bring the bill to a vote. Right now I give it even odds of that happening. There is a lot of pressure from the moderates, and no doubt it will have an impact on next year’s midterms. Still, I’ve seen a lot of Republicans that absolutely hate this bill. As for me, I think they should pass it. It won’t lead to amnesty, and it may actually put the issue to rest for a while.

    There is also some push back from the idea of building a better fence across the border. I’m not sure why. As Krauthammer put it “Fences work. Ask Obama why he has a fence around his house.”

  2. They said the same thing about Obamacare. And they’re pushing off expenses beyond 10 years and using false assumptions, just like Obamacare. But hey, the SEIU wants us to take it to the bank.

    Of course, it’s not a realistic assessment. But the low information crowd must be cheering to the rafters over it.

  3. S.744 provides only a temporary delay in eligibility to welfare and entitlements. Over time, S.744 makes all 18.5 million eligible for nearly every government program, including: Obamacare, 80 different welfare programs, Social Security and Medicare. When this occurs, spending will explode, but nearly all the real costs do not appear in the CBO score.

    The conservative estimate is for every dollar in tax revenue raised, there are two dollars in government support checks from one program or another. That’s a loss that isn’t made up by increased quantity.

    The CBO report also says: the bill will not stop illegal immigration – Despite promises of a secure border, the bill would slow future illegal immigration by only 25 percent, according to the CBO. In the next couple of decades, that means 7.5 million new illegal immigrants.

    And for legal American workers, the CBO estimates the bill would drive down their average wages.

    The BS the SEIU is also saying that the bill will boost the economy, and “decrease the deficit by $700 billion.

    Any of this sound familiar to the sales pitch for Obamacare?

    Fool me once . . .

  4. Craig Knauss

    Nef says, ‘As Krauthammer put it “Fences work. Ask Obama why he has a fence around his house.” ‘

    Yes, they will keep out the casual trespasser. That’s all.

    The fact is fences work until someone figures out how to get around them. We have fences around jails, prisons, nuclear power plants, military bases, airports, labs, storage lockers, etc. And every one of them has a secondary, and sometimes tertiary, backup system. I’ve seen some of these high security systems and there’s a whole lot more there than just a fence. Guards and closed circuit TV are the most obvious. I’m not going to say what else.

    BTW, it appears that our pro-fence people have forgotten about all the tunnels that have been found going under them. A minor point.

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