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CBO Releases Two Analyses of the Senate’s Immigration Legislationblog post
CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting S. 744 would generate changes in direct spending and revenues that would decrease federal budget deficits by $197 billion over the 2014–2023 period.      The Economic Impact of S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Actreport
S. 744 would boost economic output—CBO projects—by 3.3 percent in 2023 and by 5.4 percent in 2033. Employment, investment, and productivity would increase, but average wages would be less than under current law until 2025. S. 744, Border Security, Economic Opportunity, and Immigration Modernization Actcost estimate
As reported by the Senate Committee on the Judiciary on May 28, 2013, including the amendments made in the star print of June 6, 2013 Status of Discretionary Appropriations: FY 2014 Housereport
Estimates of discretionary budget authority and outlays for fiscal year 2014. Testimony on Means-Tested Programs and Tax Credits for Low-Income Householdsreport
Spending on means-tested programs and tax credits for low-income households has grown in the past 40 years because of increases in the number of program participants and growth in spending per participant. |
