Based on an estimated 8.7M undocumented, or illegal, immigrants per year from 2021-2026, a US Congressional Budget Office (CBO) report says the country will see an increase of $1.7T in federal revenue from 2024-2034 and a decrease in federal spending of $897B.Based on an estimated increase of 1.7M undocumented immigrants per year from 2021-2026, a US Congressional Budget Office (CBO) report says the country will see an increase of $1.7T in federal revenue from 2024-2034 and a decrease in federal spending of $897B.
This figure is based on projections that through their participation in the labor market, they will pay $788B in taxes and add $387B in federal revnue through their overal effect on the economy.This figure is based on projections that through their participation in the labor market, they will pay $788B in taxes, adding $387B in federal revenue through their general effect on the economy.
Regarding the children of immigrants who are born in America, the report says their access to welfare will increase total federal programs expenditures and debt interest by $300B over the ten year period, resulting in an additional $23B in mandatory spending in 2034.Regarding the children of immigrants who are born in America, the report says their access to welfare will increase total federal program expenditures and debt interest by $300B over the 10-year period, resulting in an additional $23B in mandatory spending in 2034.