CBO Confirms Again Immigration’s Economic and Fiscal Benefits
==========
CBO analysis from July 2024 shows immigration boosts US economy; post-2020 surge expected to add 8.7 million people by 2026; total US population projected to be 10 million higher by 2034; 820,000 new arrivals annually under legal provisions; half of surge cohort authorized to work; $0.8 trillion increase in federal tax receipts from 2025 to 2034; net GDP boost of $8.9 trillion over 10 years; initial wage pressure expected to reverse within a decade; fiscal effects on state/local governments less favorable; immigration seen as key to addressing US fiscal challenges.
#Cbo #Immigration #Economy #FiscalPolicy #Us #Workforce #Gdp #Taxes #SocialBenefits #Covid19
https://www.aei.org/economics/cbo-confirms-again-immigrations-economic-and-fiscal-benefits/
American Enterprise Institute /
npub14z…4fwd3
2024-10-18 21:40:41
Author Public Key
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wss://relay.nostr.band/allPublished at
2024-10-18 21:40:41Event JSON
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"content": "CBO Confirms Again Immigration’s Economic and Fiscal Benefits\n==========\n\nCBO analysis from July 2024 shows immigration boosts US economy; post-2020 surge expected to add 8.7 million people by 2026; total US population projected to be 10 million higher by 2034; 820,000 new arrivals annually under legal provisions; half of surge cohort authorized to work; $0.8 trillion increase in federal tax receipts from 2025 to 2034; net GDP boost of $8.9 trillion over 10 years; initial wage pressure expected to reverse within a decade; fiscal effects on state/local governments less favorable; immigration seen as key to addressing US fiscal challenges.\n\n#Cbo #Immigration #Economy #FiscalPolicy #Us #Workforce #Gdp #Taxes #SocialBenefits #Covid19\n\nhttps://www.aei.org/economics/cbo-confirms-again-immigrations-economic-and-fiscal-benefits/",
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