"Immigration Bill Would Lower Country’s Deficit By $197 Billion Over 10 Years"
The Congressional Budget Office (CBO) estimated on Tuesday that passage of the Senate’s comprehensive immigration bill, known as S.744, would decrease federal budget deficits by $197 billion over a ten year period between 2014 to 2023. It also estimates that 8 million undocumented immigrants would be legalized.
Between 2024 and 2033, the CBO estimates that the federal budget deficits would be cut by $700 billion.
The CBO’s estimate blasts the conservative argument that immigration reform is costly out of the water. The report contradicts the $6 trillion cost estimate used by conservative groups like the Heritage Foundation, who as far back as 2007 have been successful in helping to derail immigration reform efforts.
But these numbers will be harder to push now that the CBO has weighed in. Many Republican senators have praised the CBO. Sen. Chuck Grassley (R-IA), who is adamantly opposed to the legislation, has said that the CBO is “like God.”