Posts Tagged ‘immigrant economy’
New Report Says Immigration Reform Would Bolster Economy
9:49 am By Maegan La Mala · economy|Immigration · 6 Comments
8 Jan 2010It’s not bad enough that immigrants won’t assimilate, they also suck the economy dry, right? Well comprehensive immigration reform could change all that according to a report released yesterday by the Center for American Progress and Immigration Policy Center.
“Raising the Floor for American Workers: The Economic Benefits of Comprehensive Immigration Reform,” which shows that legalizing the roughly 12 million undocumented immigrants through comprehensive immigration reform as well as
making future flows more flexible would grow the economy by $1.5 trillion over 10
years.
The forecast is based on a number of scenarios that could add to the U.S. gross domestic product in the long term, and in the short term, generate additional tax revenue.
And how much would it cost to deport the undocumented estimated to be in the United States? $2.6 trillion over ten years.
The U.S. can afford that right?
You can read the entire report here (PDF file).
More $ Being Sent Home by Immigrants
10:56 am By Jennifer Woodard Maderazo · Immigration|Money · Comments Off
19 Oct 2006
According to an article in today’s New York Times, not only are immigrants (regardless of status) sending more money back to their Latin American homelands, but the money s being sent from more areas of the U.S. than in years past.
“Twenty years ago the money was coming from four or five states; now it’s coming from every corner of the country,” said Sergio Bendixen, a Miami pollster who surveyed some 2,500 immigrants, legal and illegal, for the survey on which the report was based.
According to some the amount sent back to Latin America is expected to reach the $45 billion mark, more than half of what was sent only two years ago. The article also goes into a little bit of the cultural significance of the remesas, citing how not sending money back is a sign of being a “bad” family member.
Via / The New York Times (Registration required)
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