During the most recent attempt to reform our immigration system in 2007, the Congressional Budget Office (CBO) estimated granting permanent status would generate $57 billion in additional revenue over a decade.
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#immigration reform #politics #immigration #social securityThose opposed to immigration reform have attempted to use vital programs, like Social Security, as an economic excuse to avoid doing the right thing. The truth is, comprehensive immigration reform is not a threat to Social Security. In fact, earlier immigration reform proposals moderately strengthened Social Security’s financing, and the legislation under consideration today should do the same. By bringing undocumented workers out of the shadows of our economy and into its mainstream, immigration reform has the potential to strengthen Social Security and accelerate overall economic growth.
Our View: Comprehensive immigration reform is not a threat to Social Security.
It is estimated that there are about 11 million undocumented workers in the United States today. These immigrants come to our country to work. They contribute to the economic health of our nation. They also make substantial contributions to Social Security through the payroll tax, even though neither they nor their families are eligible to receive benefits. The National Committee to Preserve Social Security and Medicare believes that bringing undocumented workers into our national family would be beneficial for the country and good for Social Security as well.
Our guiding principle in evaluating immigration reform proposals can be summarized in a single word: Fairness. Rules of eligibility for benefit programs should be neither more favorable nor more disadvantageous for immigrants who benefit from comprehensive reform. And contributions made by immigrants to Social Security’s earned-right benefits should, in time, lead to eligibility for benefits.
Comprehensive immigration reform is not a threat to Social Security. Earlier comprehensive reform proposals strengthened Social Security’s financing, and the bills under consideration today should do the same. By bringing undocumented workers out of the shadows of our economy and into its mainstream, immigration reform has the potential to strengthen Social Security and accelerate overall economic growth.
Elizabeth Warren Says The U.S. Can ‘Save Social Security’ By Passing Immigration Reform:
During the follow-up Q&A session, Warren said she believes immigration reform is the key to “save Social Security" for Americans across the country.
via Huffington Post.
In fact, comprehensive immigration reform is not a threat to Social Security.
This is the economic argument for Comprehensive Immigration Reform.
Reblog and tell me why you think Congress should pass Comprehensive Immigration Reform.
#timeisnow
Immigration reform will NOT threaten Social Security, in fact, it will likely improve solvency by a modest amount.
One of the ways we can save Social Security is to pass comprehensive immigration reform. Bring more workers and bring more people out of the shadow economy and into the fully paid economy where everything is above the table.
Legalizing immigrants would also support the solvency of the Social Security system during its period of greatest strain over the next three-and-a-half decades, as the Baby Boomers—America’s largest generation—retire and begin to claim their benefits. During this period newly legalized immigrants would add a total of $606 billion to the system, supporting 2.4 million American retirees.
A group called the Coalition Against S744 (Immigration Reform) recently penned an open letter full of myths about immigration reform hurting Social Security.
I’m more inclined to believe the Chief Actuary of the Social Security Administration who said: “Over this longer time frame (75 years)… the additional births for the increased population under this bill (S744) will have substantial positive effects.”
Here is that statement explained in emoji.
White House White Board: Why Immigration Reform Is Good For Our Economy.
Also, you can read our viewpoint on Immigration Reform and Social Security here.
We agree with both the Congressional Budget Office and the Chief Actuary of the Social Security Administration (SSA) that comprehensive immigration reform is good for all Americans. The new members of the national family brought in by this bill will contribute to the growth of the economy and at the same time will help strengthen Social Security.
