CBO Issues Report On Immigration Reform Bill
As the Senate tries to pass the Immigration Reform Bill before the July 4th recess, the Congressional Budget Office released a statement that the bill would reduce deficits by $197 billion in over ten years. According to Eric Wasson reporting for The Hill, the CBO issued that, “The bill would increase spending by $262 billion between 2014 and 2023, but would increase revenue by $459 billion.” The CBO is non-partisan, and reported that the bill would bring more than 16 million new citizens into the United States in the next twenty years. Senator Marco Rubio responded to the CBO report stating, “The CBO has further confirmed what most conservative economists have found: reforming our immigration system is a net benefit for our economy, American workers and taxpayers. There remain some key areas that need to be tightened up to prevent those who have violated our immigration laws from accessing federal benefit programs. But overall, the CBO report offers encouraging evidence that the status quo is unacceptable and we can end it without burdening our already burdened taxpayers and, in fact, reduce the deficit over the next 20 years.”To read more, please visit http://thehill.com/blogs/on-the-money/budget/306311-cbo-immigration-bill-cuts-deficit.