Tuesday, June 18, 2013

CBO: Immigration Reform Will Reduce the Deficit $197 Billion

The CBO’s score of the Gang of Eight immigration reform bill is out and it’s very positive. While the bill increases spending by $262 billion over 10 years, it increases revenue by $459 billion, for a deficit reduction of $197 billion in total. Additionally, it projects $690 billion in deficit reduction in the second decade of implementation, from 2024 to 2033. 
The reports predicts that the bill will add 10.4 million permanent U.S. residents and 1.6 million new temporary visa-holders, and reduce the undocumented immigrant population by 1.6 million.
So Republicans and conservatives will support it...right?

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