Monday, June 11th, 2018

The Immigration Windfall

"[L]et's step back and consider the central question that's been debated since the great wave of Ellis Island immigrants a century ago: Do foreign newcomers contribute more to the economy than they cost? … [T]he more important rebuttal [to restrictionists] is contained in a new study by Douglas Holtz-Eakin, former director of the Congressional Budget Office and now president of the American Action Forum, who finds substantial and "underappreciated" fiscal and economic benefits from more immigration.  After surveying the economic literature and Census Bureau data, he sees a multitrillion-dollar gain in long-term U.S. economic output, higher per capita income growth, and lower budget deficits." – WSJ, Apr. 16, 2013.