Friday, June 14, 2013

New Report Shows How Immigration Reform Impacts Social Security

A new report released today by the Center for American Progress analyzes how legalizing the undocumented population would impact the Social Security system. Despite the wide body of research that details the economic gains that come with immigration reform, some lawmakers still question the long-term impact of earned legalization on social programs such as Social Security. The findings from this report are clear: If undocumented immigrants acquire legal status and citizenship, they will contribute far more to the Social Security system than they will take out and will strengthen the solvency of Social Security over the next 36 years.

The new CAP analysis finds that if 85 percent of the undocumented immigrants currently in the United States legalize and earn citizenship under S. 744, $1.2 trillion in Social Security taxes would be paid from the earnings of undocumented workers, while only $580.9 billion would be received in benefits. This leads to a net positive contribution of $606.4 billion over 36 years—enough money to fund the Social Security benefits of 2.4 million native-born workers.

KJ

https://lawprofessors.typepad.com/immigration/2013/06/new-report-shows-how-immigration-reform-impacts-social-security-.html

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