JTC and CBO [The Joint Committee on Taxation and CBO] estimate that the bill would increase total federal revenues by $66 billion over the 20072016 period. It would increase revenues by $66 billion. Actually. what CBO has determined is the passage of S. 2611 will actually reduce the deficit by $12 billion over 10 years. Do we understand that? This is CBO. They estimate we are going to reduce the Federal deficit by $12 billion over 10 years. The newly legal immigrants will pay $66 billion into taxes and cost $54 billion. Net gain to the Treasury: $12 billion. What else do they point out?
Keywords matched
immigrants