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CBO: Immigration Surge Projected to Boost Growth Over Next Decade
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06-20-2024, 10:09 AM
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#1
CBO: Immigration Surge Projected to Boost Growth Over Next Decade
Increased immigration to the U.S. is expected to drive higher economic growth and labor supply, grow federal revenues and shrink deficits over the next 10 years, according to new Congressional Budget Office estimates on Tuesday.
Why it matters: Immigration is a central issue for the 2024 presidential campaign, and the nonpartisan agency's forecasts demonstrate the considerable impact to the nation's economy from the surge in foreign workers.
By the numbers: The CBO's latest budget and economic outlook projects the net immigration of those without work authorization is on track to be 8.7 million greater than previously forecast from 2021 to 2026.
The CBO estimates the surge would cause GDP to be almost $9 trillion higher over the coming decade than would otherwise be the case.
https://www.axios.com/2024/06/18/imm...omy-growth-cboWhy it matters: Immigration is a central issue for the 2024 presidential campaign, and the nonpartisan agency's forecasts demonstrate the considerable impact to the nation's economy from the surge in foreign workers.
By the numbers: The CBO's latest budget and economic outlook projects the net immigration of those without work authorization is on track to be 8.7 million greater than previously forecast from 2021 to 2026.
The CBO estimates the surge would cause GDP to be almost $9 trillion higher over the coming decade than would otherwise be the case.
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06-20-2024, 10:10 AM
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#2
- BullittEV
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- BullittEV
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Let's ask the latest Americans who've had their daughters/mothers raped and killed by illegal aliens that the Dems allowed over the border unfettered and released from prison, shall we?
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