Business, Economy Will Grow With Immigration Reform

After the Senate passed immigration reform June 24, political supporters are urging the Republican-controlled House of Representatives to move the bill into the hands of President Barack Obama to sign into legislation, according to USA Today.

Obama met with business leaders who support the comprehensive path to U.S. citizenship for immigrants who are already in the country illegally. A recent book published by the George W. Bush Institute noted that keeping the estimated 11 million immigrants currently living illegally in the United States in the shadows is not reasonable. The book was co-sponsored by the U.S. Hispanic Chamber of Commerce, which found the bill to be good for job creation.

“All of these business leaders recognize the degree to which immigration is a contributor to growth, a contributor to expansion, a creator of jobs, but they also recognize that the immigration system that we currently have is broken,” Obama said to a group at the White House. “I very much appreciate all the business leaders who are here for making this push. I know they’re going to be talking to various senators and members of Congress over the next several days.”

According to ABC News, Matthew Denhard, research fellow at the George W. Bush Institute and author of the book, said that 18 percent of small businesses are owned by immigrants, while only 13 percent of the entire U.S. population is foreign-born. His research, documented in the book, found that immigrant-owned businesses generate $775 billion annually in revenue. More than half of all high-tech firms in Silicon Valley that were started between 1995 and 2005 were founded by foreign-born individuals.

Additionally, the strong family ties that many foreign-born individuals have can improve the economy. Many are eager to work and provide a promising future for children, Denhard told the publication.