Report: RAISE Act Could Save Taxpayers Trillions | NTK Network Report: RAISE Act Could Save Taxpayers Trillions

Report: RAISE Act Could Save Taxpayers Trillions

A Heritage Foundation analysis found that limiting the number of low-skilled workers who enter the United States could save taxpayer trillions over the next decade.

By NTK Staff | 08.15.2017 @11:00am
Report: RAISE Act Could Save Taxpayers Trillions

According to an analysis conducted by the conservative Heritage Foundation, the Reforming American Immigration for Strong Employment (RAISE) Act, endorsed by President Donald Trump, could save American taxpayers trillions of dollars over the years.

The RAISE Act, co-authored by Sens. Tom Cotton (R-AR) and David Perdue (R-GA), would limit the number of low-skilled immigrants who enter the United States in favor of a merit-based system.

According to The Daily Signal, the Heritage Foundation’s digital-first, multimedia news platform:

“Low-skill immigration is very costly to U.S. taxpayers. For example, a legal immigrant without a high school degree typically receives $4 in government benefits for every $1 he pays in taxes.”

Currently, there are 12.8 million low-skilled legal immigrants in the United States, and “households headed by these low-skill legal immigrants impose a net fiscal cost … of $150 billion each year.”

Over the past decade “an average of 470,000 low-skill adult immigrants (both legal and illegal) have arrived in the U.S. each year. The net present value of this inflow is around negative $67 billion per year.”

An estimated 4.7 million low-skill immigrants will enter the United States over the next decade, costing the American taxpayers $1.9 trillion.

“Over half these costs are linked to future low-skill legal immigration. By limiting future legal low-skill immigration, the RAISE Act could save at least $1 trillion,” the Heritage Foundation analysis found.

A recent Politico/Morning Consult poll showed wide support for the RAISE Act.

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