On the recordMarch 26, 2014
The longer we delay in passing immigration reform, the greater costs of inaction. The nonpartisan Congressional Budget Office shows that H.R. 15 would reduce our deficit by $900 billion. Imagine including that, $200 billion in the first decade, in the baseline budget for the House of Representatives being worked on by Mr. Ryan and his associates on the Budget Committee. What could that $200 billion do? Could we reduce the marginal rate? Could we reduce tax rates for corporations that keep jobs here rather than outsource them overseas? Could we reduce our deficit with that $200 billion? Could we invest it in tomorrow's infrastructure to help America remain competitive? The answer is yes. $200 billion is generated from fixing our immigration system in a commonsense way that more than 80 percent of the American people support. Immigration reform means that housing units would be increasingly in demand and residential construction spending would increase by $68 billion per year over a 20-year period. Under immigration reform, over $100 billion more in additional taxes would be paid, allowing, again, tax reductions to others or investments in education and infrastructure, including revenues to State and local government. I hope the majority is listening to former Speaker Hastert who said in an op-ed recently: Immigration reform will make us safer, and it will make us economically stronger. It is politically smart and morally right.…





