CBO: Migrant Surges Will Grow U.S. Economy by $7 Trillion
Hola de nuevo!
This is the 19th edition of Capitol.press.
Today we share a new report by the nonpartisan Congressional Budget Office (CBO) showing that increased migration will grow the U.S. economy by $7 trillion over the next decade.
CBO Director Phillip L. Swagel offered additional context in a statement on the watchdog’s website —
“In our projections, the deficit is also smaller than it was last year because economic output is greater, partly as a result of more people working. The labor force in 2033 is larger by 5.2 million people, mostly because of higher net immigration. As a result of those changes in the labor force, we estimate that, from 2023 to 2034, GDP will be greater by about $7 trillion and revenues will be greater by about $1 trillion than they would have been otherwise. We are continuing to assess the implications of immigration for revenues and spending."
You can read the report here.
Why It Matters: Americans continue to drift rightward on immigration, with polls showing increasing support for anti-migrant policies largely driven by the ceaseless invasion narratives broadcast to the interior from the southern border with Mexico.
Key Contrast: CBO’s report clearly articulates an important upside to the overall U.S. economy of increased migration — namely, growth … lots of it.
A word from AOC about the CBO report
Turns out immigrants aren’t “takers” after all - they’re givers to the US economy and essential to a sustainable future, especially if we want elder generations to age with dignity. https://t.co/iv6B6EQAdI
— Alexandria Ocasio-Cortez (@AOC) February 7, 2024
We’re on TikTok!
Below, Arturo debunks some things from House Speaker Mike Johnson’s presser yesterday.
Debunking House Speaker Mike Johnson, Part 1. #news #misinformation #immigration #politics #fyp #foryou #congress
Debunking House Speaker Mike Johnson, Part 2 #news #misinformation #border #fyp #foryou #politics #immigration #lies #exclusive #original #viral #congress
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