Report: Illegal immigration costs $296 billion in lost taxes

WASHINGTON EXAMINER – Paul Bedard

“Tax credits received by illegal immigrants and wage write-offs U.S companies claim in their illegal employment costs the Treasury $296 billion over 10 years, according to a new report that is urging Congress to crackdown on the loopholes.

Annually, according to the Center for Immigration Studies, the lost taxes bill is about $30 billion, enough to fund the average middle income tax cut the Trump administration is considering, about $300.

That comes on top of wage losses to legal workers of $118 billion when companies illegally hire undocumented aliens, said CIS.

The financial hit to Americans and the Treasury could impact President Trump’s bid to tackle illegal immigration and boost jobs and wages for Americans. In addition, it is part of the administration’s consideration of continuing the Deferred Action for Childhood Arrivals, a program that has given legal status to 800,000 young adults, may of whom are employed in the U.S.”

More at the Washington Examiner.

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