March 01, 2013

The Congressional Budget Office (CBO) stated on Tuesday that legislation to overhaul the nation's immigration laws which is currently being debated in the Senate and which includes a pathway to citizenship, would cut hundreds of billions from the federal deficit over the next two decades. The analysts said that it would decrease the federal deficit by $197 billion over the next 10-year period.

The report estimates that in the first decade after enactment, the immigration bill's net effect of adding millions of additional taxpayers would decrease the federal budget deficit by $197 billion, even with higher spending on border security and government benefits. Over the next decade, the report found, the deficit reduction would be even greater - an estimated $700 billion, from 2024 to 2033.