the Hoeven-Corker amendment is subject to a budget point of order because it increases the net on-budget deficit over both the 5- and 10-year periods and exceeds the Judiciary Committee's allocation for direct spending. But on-budget effects do not take into account the significant off-budget savings. Last week the nonpartisan Congressional Budget Office concluded that our bill is going to help us achieve nearly $1 trillion in deficit reduction. We have also learned that the Hoeven-Corker amendment would significantly increase our border security, and, as the CBO said and as my friends from Tennessee and North Dakota have said, the amendment would reduce both illegal entry into the country and the number of people who stay in the country beyond the end of their authorized period. So when we vote on waiving the point of order, I will vote to waive it because the Hoeven-Corker amendment and the overall amendment will spur job growth and will dramatically reduce our deficit. Then we are going to vote on the substitute. The substitute is the product of many months of hard work and bipartisan collaboration in a very transparent process. No one should oppose the cloture motion on the committee-reported substitute, as amended. The Senate Judiciary Committee held lengthy and extensive public markup sessions to consider the Border Security, Economic Opportunity, and Immigration Modernization Act, S. 744.…
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