Obama Says Immigration Reform Will Boost the Economy

Using his weekly address, President Obama once again addressed immigration. This time, he discussed how the economy could benefit from the Senate’s immigration reform bill. According to the White House, the legislation would strengthen Social Security and help with modernizing the nation’s immigration system so that it’s more consistent with the country’s values.

During his address, the President also encouraged Congress to take action in developing a plan to repair the country’s broken immigration system. Obama noted the bill that passed in the Senate was bipartisan and both sides compromised in order to reach an agreement. According to the White House, if the bill were to pass the House of Representatives, there would be a pathway to citizenship and tightening on border security.

Obama also expressed how the Senate’s plan for immigration would boost the nation’s economic standing. The economy would grow 5 percent over the next 20 years and add $1.4 trillion, the White House stated. Obama stressed how the country has been built on immigration and the ways the current system prevents immigrants from contributing to the success of the nation.

“Immigration reform would make it easier for highly-skilled immigrants and those who study at our colleges and universities to start businesses and create jobs right here in America,” the President said. “Foreign companies would be more likely to invest here. The demand for goods and services would go up – creating more jobs for American workers.”

By requiring every employee to pay their fair share in taxes, the country’s deficit would be reduced by almost $850 billion in the two decades. He also said funds going into Social Security would help extend the life of the program by two years.