Immigrants Saved American Taxpayers More Than $14 Trillion: New Report
Summary
A report from the Cato Institute found that immigrants have saved the U.S. government $14.5 trillion over 30 years by paying more in taxes than they received in benefits. The report suggests that without immigrants, U.S. public debt would be much higher, and it challenges the idea that immigrants are a financial burden.Key Facts
- The Cato Institute report analyzed government data from 1994 to 2023.
- Immigrants helped save the U.S. $14.5 trillion over this period.
- Immigrants paid $10.6 trillion more in taxes than they received in government spending.
- Without immigrants, the U.S. public debt would be 205% of GDP, nearly double the actual 2023 level.
- Immigrants also helped reduce the country's budget deficit by about one-third.
- The study found that deporting many immigrants would not significantly reduce government spending.
- Immigrants were over 12 percentage points more likely to be employed than U.S.-born citizens.
- Low-skilled immigrants contributed $11.5 trillion in taxes versus $9.7 trillion in benefits received.
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