The committee discussed how President Donald Trump wanted the federal government to sell $ 5 million ‘gold cards’ for the US residence on ‘The Bottom Line’.
A new report has warned that a side effect of pushing to crack the illegal immigration of the Trump administration may be more weak. social Security Give finance and your bankruptcy.
The main trust fund of Social Security, when considered simultaneously, is at the speed of low in 2034, according to the recent analysis of the trustees of Social Security. Once trust funds are tapped, A Automatic profit cut Out of 19%, it will be one of the 19% when the ability to increase the collection by payroll with the trust fund is no longer feasible.
PWBM analyzed the impact of three exile scenarios, which will extend the date of reduction for about half a year for the trust funds of each social security, taking into account the exile and timeline levels for the historical base levels of immigration and exile.
Due to the exile of unauthorized immigrants, the bankruptcy of social security could reach before two quarters. (Kevin Dietsch / Getty Image / Getty Images)
In the first scenario, 10% of unauthorized migrants will be exiled without new every four years of Trump’s work. Illegal immigrationThen relying on basic estimates for immigration and exile rates. PWBM found that the net deficit of funds in the next 10 years would be $ 73 billion and $ 218 billion in the next 30 years.
In the second, the government would deport 10% unauthorized immigrants for 10 years for 10 years before the net illegal immigration level returns to baseline. This would result in a loss of $ 133 billion in the next decade and $ 656 billion in 30 years.
Illegal immigration will be seen in the third scenario, when all unauthorized migrants are deported in 10 years, the future illegal immigration is stopped. Earlier, there will be a loss of $ 133 billion in the decade and $ 884 billion in the next 30 years.
PWBM said, “To change the lost revenue lost from permanent exile in 2025, there will be a need to grow parole taxes to collect additional $ 180 per year from the middle American house, or some other equivalent, growing at a rate of about 3.5% every year in the future.”
PWBM estimated that the finance of social security was promoted by an estimated $ 24 billion in taxes paid by unauthorized migrants in 2024. (Mark Felix for Washington Post / Getty Image)
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The work of PWBM reflects the physical contribution of unauthorized immigrants to the fiscal stability of social security. Valid immigration For American economy.
Conservative advocacy group Overcome prosperity In the next several decades, a report that emphasized the importance of legal immigration to the US economy in the next several decades due to demographic challenges. The report stated that the Trump administration set a target of 3% or higher GDP for the next decade – a goal that would prove to be challenging without an increase in legal immigration.
The report of Unleash prosperity depicted the importance of legal immigration to the American economy. (Roy Rochlin / Getty Image / Getty Images)
The study highlighted the role played by immigrants in the innovation of new technologies as well as entrepreneurship. It is also detailed how children of immigrants usually have higher income than their parents, with a high rates of graduation or professional degrees.
“Non-residents are pure contributors to public fiscal because they pay payroll taxes, but they do not have parents who collect benefits,” Steven Moore, the co-founder and economist of prosperity, told Fox Business. “Their children pay for their benefits.”
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The study of UNLEASH prosperity found that immigrants took 48% of the American workforce growth from 2013-2023, and about half of all Fortune 500 companies, or 47%,, either established by immigrants or migrants.
Google CEO Sundar Pichai (Center left) and Tesla CEO Elone Musk (Center right) originated abroad and led the “luxurious seven” firms. (Through Kenny Holston / Pool Reuters / Reuters))
It was also found that three of the CEOs of the so -called “luxurious seven” companies are immigrants or children of immigrants. Which includes Tesla’s CEO Elon Musk Those who were born in South Africa, NVDia CEO Jensen Huang in Taiwan and Sundar Pichai in India CEO in India.
Moore explained, “The two main economic benefits of legal immigrants are that they come when they are young and simply start their work years and they and their children are highly entrepreneurship – starting new business at a rapid rate,” Moore explained.
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The report of UNLEASH prosperity concludes that “a” a “generous and well-targeted legal immigration system that brings talent and morality to the US, which is the need of the US, which is more important than the aging of our original population. America is a nation in the world with this demographic security valve. ,
