Trump wants to boot up to 20 million people in the United States illegally. Here's what that would cost all of us.
The surge of migrants entering the United States during part of Joe Biden ’s presidency has played to Donald Trump ’s signature issue. Trump launched his first campaign for president in 2015 with an, and the issue has worked for him ever since. So Trump, in his third campaign for president, has raised his bid on the issue, promising the “
Collectively, undocumented migrants are a potent economic force. New research by the Institute on Taxation and Economic Policy finds that undocumented migrants, so the figure would presumably be higher now if there are, in fact, more such migrants in the country. Of that amount, $60 billion went to the federal government, mostly as income and payroll taxes, while the rest went to states and cities.
Contrary to much internet propaganda, undocumented migrants generally can’t join safety net programs such as Social Security, though they do support such programs when they pay taxes. That makes migrants one of the few groups that pay more into the system than they get back in benefits. Thethat higher migration levels of the last two years will help reduce federal deficits by $900 billion through 2034, or about $90 billion per year, and boost GDP growth by about two-tenths of a percentage point.
Deporting large numbers of migrant workers will shrink the workforce, drive up labor costs, and make food and many other products more expensive. Growth will suffer a little, tax revenues will drop a bit, and budget deficits will be higher. If you think that’s all worth it, then explain the cost-benefit analysis and what the offsetting gain will be.
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