Yesterday the Congressional Budget Office (CBO) released its cost estimate of the “Border Security, Economic Opportunity, and Immigration Modernization Act,” S. 744. Among other findings, the CBO found that the bill would “decrease federal budget deficits through the changes in direct spending and revenues […] by $197 billion over the 2014-2023 period,” and by about $700 billion over the following decade.
Jewish communities around the country are working hard to pass this bill, which offers a pathway to citizenship for undocumented immigrants, modernizes the immigration system, strengthens our economy, protects families, treats American and immigrant workers fairly, and begins to address the broken refugee and asylum systems. While the bill may not be perfect, it is a comprehensive and common sense approach to immigration reform. We hope the CBO score released today will help assuage any concerns that this much-needed reform benefiting the U.S. economy.