“MAGA’s claim that immigrants are a drain on government budgets? It’s a lie.”
A groundbreaking new report released Tuesday details how immigrants in the United States over the last three decades have contributed a massive surplus to the nation’s economy, resulting in a total of more than $14 trillion over that period due to the fact that immigrant families generate significantly more benefits to fiscal health than they take away in the form of benefits received or downside costs.
The white paper by the libertarian free-marketeers at the
Cato Institute, not a left-leaning outfit, builds on an existing model
developed by the National Academies of Sciences, Engineering, and Medicine
(NASEM) to create a first-of-its kind analyses to determine “how immigrants,
both legal and illegal, and their children affect
government budgets” in a cumulative manner.
Looking at 30 years of data, the 95-page report—titled “Immigrants’ Recent Effects on Government Budgets: 1994-2023”—discovered
that immigrants overall “generated a fiscal surplus of about $14.5 trillion”
over those years. In part, the NASEM-Cato model shows:
- Every
year from 1994 to 2023, immigrants have paid more in taxes than they
received in benefits.
- Immigrants
generated nearly $10.6 trillion more in federal, state, and local taxes
than they induced in total government spending.
- Accounting
for savings on interest payments on the national debt, immigrants saved
$14.5 trillion in debt over this 30-year period.
- Immigrants
cut US budget deficits
by about a third from 1994 to 2023, and fiscal savings grew to $878
billion in 2023.

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