CBO: Senate immigration bill would cut deficits by $200 billion over decade
Source: Washington Post
The immigration bill under consideration in the Senate would reduce federal deficits by nearly $200 billion over the next decade, and continue generating savings in the years beyond, even after millions of new citizens became eligible for health-care and welfare benefits, congressional budget analysts said Tuesday.
The long-awaited report by the nonpartisan Congressional Budget Office marked a major victory for the bipartisan “Gang of Eight” senators who have spent months negotiating the details of the measure. Although some conservatives say the bill would cost the nation billions of dollars, CBO analysts concluded the opposite, undercutting a potentially powerful argument against the legislation.
“This report is a huge momentum boost for immigration reform,” said Sen. Charles E. Schumer (N.Y.), the lead Democratic negotiator. “This debunks the idea that immigration reform is anything other than a boon to our economy and robs the bill’s opponents of one of their last remaining arguments.”
The White House welcomed the report, saying in a statement, “Today, we have more proof that bipartisan commonsense immigration reform will be good for economic growth and deficit reduction: this time, in the form of a nonpartisan Congressional Budget Office estimate.”
Read more: http://www.washingtonpost.com/business/economy/cbo-senate-immigration-bill-would-cut-deficits-by-nearly-200-billion-over-10-years/2013/06/18/0dbedd08-d855-11e2-a9f2-42ee3912ae0e_story.html
http://cbo.gov/publication/44345
= new reply since forum marked as read
