The Congressional Budget Office: Immigration Will Add Trillions of Dollars in Economic Growth

Congressional Budget Office, the nonpartisan research arm of the United States Congress, issued a study in which it calculated that immigration will add $8.9 trillion to the American gross domestic product (the total value of goods and services produced) in the next decade. The economic growth generates tax revenue that, in turn, boosts the federal budget. I had posted last month that the bipartisan Federal Reserve, the central bank of the U.S. led by a Trump appointee, had issued a report finding that immigration was boosting the American economy without adding to inflation. Study after study from different ideological perspectives have demonstrated both that immigration is an economic and fiscal benefit and that migrants commit crimes at a lower rate than native-born Americans. But ignorant and bigoted nativists, fomented by the demagoguery of Donald Trump, continue to make false claims otherwise to scare fellow Americans to oppose immigration. Regardless of the financial aspect, the Founders believed that America should be a refuge for those seeking liberty. Republicans and conservatives like President Ronald Reagan have long believed in the benefit of immigrants and especially refugees seeking asylum from persecution, to American because of their greater appreciation of liberty and were proud that people risk their lives to come to America, in contrast to having to risk their lives to flee tyrannies.