"A white paper published on Tuesday by the Cato Institute, a libertarian think tank, found that over the last three decades from 1994 to 2023, immigrants (both documented and undocumented) have contributed more in taxes than they've received in local, state, or federal benefits. The fiscal surplus from immigrants totalled $14.5 trillion over this 30-year period. Moreover, according to the report, without the economic contributions of immigrants, public debt would be above 200%"
"Identifying and deporting undocumented, the so-called "illegal" immigrants, has been a cornerstone of both of Trump's terms in office (as it was for his predecessors, with Barack Obama earning the lable " deporter in chief" from critics). Trump has argued for years that curbing net migration would protect jobs for American workers and boost domestic wages, ultimately protecting the U.S. economy, flying in the face of reams of economic research that immigration is actually a net positive instead."
Mass protests erupted in Minneapolis over increased Immigration and Customs Enforcement activity and the White House's immigration crackdown. Deportation of undocumented immigrants has been a central policy focus across recent administrations, with claims that reducing migration protects jobs and wages. New Cato Institute data finds immigrants paid more in taxes than they received in benefits from 1994 to 2023, producing a $14.5 trillion fiscal surplus. The report projects that undocumented immigrants lowered the national deficit by $1.7 trillion, about 11% of immigrant fiscal gains. The findings indicate immigrants substantially mitigated U.S. public debt growth amid rising concerns about a ballooning national debt.
Read at Fortune
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