Tuesday, April 23, 2013

Immigration reform poised to provide economic boost

The Gang of Eight’s immigration proposal not only repairs our broken immigration system, but it will also help strengthen our economy and reduce the national debt, according to former Congressional Budget Office (CBO) Chief Douglas Holtz-Eakin, who is now president at the American Action Forum, a Washington-based think tank.

Holtz-Eakin’s study suggests that passing comprehensive immigration reform will increase per capita income by $1,700, increase the G.D.P by nearly 1 percent, and reduce the federal deficit by $2.7 trillion.

The benefits of immigration reform are wide ranging, and in our current economics environment immigration reform would be a shot of adrenaline to our nation’s economy. You can read the full study by Holtz-Eakin at American Action Forum.

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