Immigration Reform Makes Sense for Our Economy

IMMIGRATION REFORM MAKES SENSE EOR OUR ECONOMY EXPANSION OF VISAS FOR HIGH-SKILLED WORKERS The expansion of visas for high-skilled workers will spark innovation and create intellectual property while spurring more consumption and U.S. exports. Total # of jobs 2014 228,000 529,000 EXPANSION OF VISAS FOR 2025 LESSER-SKILLED WORKERS GDP growth 2014 $22 BILLION $55 BILLION (INCLUDING SEASONAL + AGRICULTURE WORKERS) 2025 Real disposable personal income The expansion of visas for lesser-skilled workers will help fill worker shortages in essential service occupations. 2014 $10 BILLION $33 BILLION Total # of jobs 2025 2014 83,000 2025 Ч2,000 GDP growth 2014 $7 BILLION $9 BILLION 2025 Real disposable personal income $3 BILLION 2014 $16 BILLION 2025 1B Creating earned legal status will increase labor productivity as immigrants invest in acquiring new skills and move into higher-skilled, higher-value jobs over time. EARNING LEGAL STATUS Total # of new jobs 2014 124,000 2025 595,000 GDP growth $10 BILLION 2014 76% of Americans favor expanding the number of visas for short-term skilled workers. $50 BILLION 2025 Personal income $14 BILLION 2014 78% of Americans favor allowing engineers and scientists from other countries who earn graduate degrees in the U.S. to remain in the U.S. to work. $110 BILLION 2025 88% of Americans say it is important or somewhat important to have new laws dealing with immigration. IMPACT OF IMMIGRATION REFORM ON: $2.7 TRILLION $2 BILLION OVER 10 YEARS УEAR PUBLIC OPINION ON FEDERAL DEBT REDUCTION LOCAL + STATE TAX REVENUE IMMIGRATION REFORM Immigration reform would reduce the deficit by $2.7 trillion over 10 years. Allowing undocumented immigrants to work in the United States legally would increase their state and local tax contributions by an estimated $2 billion a year. in IMMIGRATION REFORM Immigration reform creates opportunities. More jobs, higher incomes, and economic growth. The benefits are boundless. SOURCES: 1) Regional Economic Models, INC. (REMI) 2) American Action Forum 3) Institute on Taxation and Economic Policy 4) Cato Institute 5) Gallup FreeEnterprise.com