Congressional Budget Office; Innigration Reform “Would Boost Economic Output”

The Congressional Budget Office concludes that the proposed immigration reform bill

“would boost economic output.  Taking account of all economic effects (including those reflected in the cost estimate), the bill would increase real (inflation-adjusted) GDP relative to the amount CBO projects under current law by 3.3 percent in 2023 and by 5.4 percent in 2033, according to CBO’s central estimates.”

UPDATE (June 20):  Americas Society/Council of the Americas and the Partnership for a New American Economy today released new data from the U.S. Census showing that the 40 million immigrants in the United States have collectively created $3.7 trillion in U.S. housing wealth. The data was released in conjunction with an interactive map (available here) tracking the extent to which immigration has impacted the housing market in every zip code of the United States.

KJ