A new study jointly conducted by the Congressional Budget Office and the Joint Committee on Taxation estimates that the bill currently under debate in the Senate would save nearly $1 trillion over the next two decades, largely because more than 10 million additional people would be paying taxes.
“The nonpartisan experts who estimate the financial impact of legislation for Congress concluded that because undocumented immigrants will start paying more in taxes for things like education and Social Security, the immigration proposal in the Senate will make the economy fairer for middle class families while cutting the U.S. deficit by almost $1,000,000,000,000 over the next two decades,” said Cecilia Muñoz, director of the White House’s Domestic Policy Council, in an email Thursday. “With every passing day, it’s becoming clear that we can’t afford not to act. Now we know exactly how much is at stake, and it's the kind of news that can help to change the policy conversation in Washington.”
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