Nestled within the “2013 Economic Report of the President,” was a short piece with big impact. It’s called the Economics of Commonsense Immigration Reform, and contains some of the most economically compelling reasons to date on why we need to fix our broken system.
The study asserts that the economic benefits of dramatically reforming our immigration policy drastically outweigh the costs. In fact, according to the non-partisan Congressional Budget Office, common-sense immigration reform could reduce the deficit by nearly $1 trillion.
Reform will also create jobs, strengthen our businesses and grow our economy by attracting and retaining skilled workers. As President Obama explained, immigrants started over one in four small businesses in our country. A staggering 40% of the companies listed on Forbes 500 were either started by immigrants or their children.
The moment is now. We need Congress to act so we can all start reaping the benefits of reform.