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U.S.: An Immigration Reform for a Nation of Immigrants
Source: whitehouse.gov
Source Date: Friday, August 30, 2013
Focus: Institution and HR Management
Country: United States
Created: Sep 03, 2013

Earlier this week, as part of a series of events commemorating the 50th anniversary of the March on Washington, I attended the White House Ladders of Opportunity Forum. As I responded to questions about inequality, housing, jobs, and a host of other issues that affect the middle class and those striving to reach the middle class, I got a couple of questions that come up frequently in the course of my work. The first question was about how the current immigration debate affects these economic issues. And the second was from an African immigrant wondering what a new immigration law might mean for her.

There’s a reason that President Obama describes immigration reform as an economic imperative, and now that the Senate has passed a bill with a strong bipartisan vote, we can actually measure what the economic impact of this bill will be. The numbers are impressive: the Senate-passed immigration bill would:

Strengthen the overall economy and grow U.S. GDP by 3.3 percent in 2023 and 5.4 percent in 2033 – an increase of roughly $700 billion in 2023 and $1.4 trillion in 2033 in today’s dollars.
- Increase real wages by 0.5 percent in 2033 relative to current law – the equivalent of about an annual $250 increase today for a median household.
- Reduce the federal deficit by nearly $850 billion over the next 20 years.

It’s clear that immigration reform fits squarely in the President’s agenda to make sure that policymakers in Washington do everything they can to build a better bargain for the middle class, growing our economy in a way that ensures that we all benefit.

(By Cecilia Mu?oz)

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