Yes folks, conservative economists are preaching passing immigration reform is the right thing to do for the economy in the long term. At least that’s what 111 conservative economists along with the American Action Forum wrote in a letter delivered to Congress this morning.
In the letter, addressed to Speaker of the House John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi, Senate Minority Leader Mitch McConnell and conservative economists endorsed the adoption of the bill that will give 11 million strong status, urging Congress to pass a bill that will also include a U.S. visa system.
“Immigration reform’s positive impact on population growth, labor force growth, housing, and other markets will lead to more rapid economic growth,” the letter states. “We believe a reformed and efficient immigration system can promote economic growth and ease the challenge of reforming unsustainable federal health and retirement programs.”
This comes just days after the Senate’s Judiciary Committee voted “yes” on comprehensive immigration reform — the committee voting 13-5 in a bipartisan vote, therefore clearing the way for the bill to go before the Senate floor for debate in the next couple of months.
“Immigration reform is an opportunity to improve the Nation’s security, address domestic safety and crime, and remove legal clouds from employers and undocumented residents alike,” the letter further states, calling it also an opportunity to “improve the long-term prospects for economic growth, enhance skills of the U.S. labor force,” augmenting the flexibility of the Nation’s labor market.
“According to the Congressional Budget Office just an additional 0.1 percent in average economic growth will, over a ten-year period, reduce the federal deficit by over $300 billion,” making this, an opportunity for all.
But a report released by the Heritage Foundation earlier this month – a research and educational institution that prides itself on promoting conservative public policies, among other things – tells a different story. In actuality, according to the report, “amnesty for current unlawful immigrants can pose large fiscal costs for U.S. taxpayers” – a total of $6.3 trillion.
Outrage caused by the report then lead to a small demonstration outside the foundation’s building last week, with immigrant families calling for the foundation’s president, Jim DeMint, to resign.