July 26, 2013

Media Matters: Conservative Media Ignore That Immigration Reform Is An Economic Issue

media mention
In Fact, Immigration Reform Has Everything To Do With The Economy
Immigration Reform Would Increase Revenues
ITEP: Newly Legalized Immigrants Would “Increase Their State And Local Tax Contributions By An Estimated $2 Billion A Year.” A study by the Institute on Taxation and Economic Policy found that while undocumented immigrants already contributed an estimated $10.6 billion to state and local taxes in 2010, if granted legal status, their contributions would increase by another $2 billion a year in state and local taxes:
Undocumented immigrants currently contribute significantly to state and local taxes, collectively paying an estimated $10.6 billion in 2010 with contributions ranging from less than $2 million in Montana to more than $2.2 billion in California. This means these families are likely paying about 6.4 percent on average of their income in state and local taxes.
Allowing undocumented immigrants to work in the United States legally would increase their state and local tax contributions by an estimated $2 billion a year. Their effective state and local tax rate would also increase to 7 percent on average, which would put their tax contributions more in line with documented taxpayers with similar incomes. [Institute on Taxation and Economic Policy, July 2013] 
Social Security Administration: Immigration Reform Would Generate More Than $275 Billion In Social Security Tax Revenues Over 10 Years. As The Wall Street Journal reported, a study by the Social Security Administration found that if the Senate’s immigration bill becomes law, the Social Security program will see increased revenues of “more than $275 billion” over 10 years while costs would increase “by $33 billion” as a result of the bill. [The Wall Street Journal, 5/8/13] 
CBO: Passing The 2006 Immigration Reform Bill Would Have Increased Revenues By “$66 Billion Over The 2007-2016 Period.” The Congressional Budget Office found that if the 2006 comprehensive immigration reform bill had passed, it would have increased total federal revenues by about $66 billion over the 2007-2016 period. [Congressional Budget Office, 5/16/06] 
California And Federal Governments Lost Out On Almost $1.7 Billion In Taxes In 2009 Because Of Immigrants’ Undocumented Status. A University of Southern California study found that due to the lack of legal status for the undocumented immigrant population in California, the state lost approximately $310 million in income taxes while the federal government lost $1.4 billion in income taxes in 2009. [Center for the Study of Immigration Integration, January 2010] 

(Original Post)

In Fact, Immigration Reform Has Everything To Do With The Economy

Immigration Reform Would Increase Revenues

ITEP: Newly Legalized Immigrants Would “Increase Their State And Local Tax Contributions By An Estimated $2 Billion A Year.” A study by the Institute on Taxation and Economic Policy found that while undocumented immigrants already contributed an estimated $10.6 billion to state and local taxes in 2010, if granted legal status, their contributions would increase by another $2 billion a year in state and local taxes:

Undocumented immigrants currently contribute significantly to state and local taxes, collectively paying an estimated $10.6 billion in 2010 with contributions ranging from less than $2 million in Montana to more than $2.2 billion in California. This means these families are likely paying about 6.4 percent on average of their income in state and local taxes.

Allowing undocumented immigrants to work in the United States legally would increase their state and local tax contributions by an estimated $2 billion a year. Their effective state and local tax rate would also increase to 7 percent on average, which would put their tax contributions more in line with documented taxpayers with similar incomes. [Institute on Taxation and Economic Policy, July 2013] 

Social Security Administration: Immigration Reform Would Generate More Than $275 Billion In Social Security Tax Revenues Over 10 Years. As The Wall Street Journal reported, a study by the Social Security Administration found that if the Senate’s immigration bill becomes law, the Social Security program will see increased revenues of “more than $275 billion” over 10 years while costs would increase “by $33 billion” as a result of the bill. [The Wall Street Journal, 5/8/13] 

CBO: Passing The 2006 Immigration Reform Bill Would Have Increased Revenues By “$66 Billion Over The 2007-2016 Period.” The Congressional Budget Office found that if the 2006 comprehensive immigration reform bill had passed, it would have increased total federal revenues by about $66 billion over the 2007-2016 period. [Congressional Budget Office, 5/16/06] 

California And Federal Governments Lost Out On Almost $1.7 Billion In Taxes In 2009 Because Of Immigrants’ Undocumented Status. A University of Southern California study found that due to the lack of legal status for the undocumented immigrant population in California, the state lost approximately $310 million in income taxes while the federal government lost $1.4 billion in income taxes in 2009. [Center for the Study of Immigration Integration, January 2010] 

 


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