The U.S. sits as the world’s leader in immigrant population, according to USA Today. With an immigration population of 45.8 million, there clearly an appeal to living in the country. The U.S. has a per capita gross domestic product of $50,000, making the country’s GDP one of the highest in the world. It is also the world’s largest economy and second in the world for the amount of exports. Quality education and jobs make the U.S. an appealing country in which to live.
The question is how the country will change if immigration reforms are brought through Congress. The Congressional Budget office estimates that if the Border Security, Economic Opportunity, and Immigration Modernization Act were to pass, the population of the U.S. would increase by 10.4 million people by 2023.
That much of a population bump would have a large effect on the economy. Estimates show that federal direct spending would increase $262 billion between 2014 and 2023 if the bill were to pass. Much of that spending would come from refundable tax credits and health care that it takes to support the population.
Federal revenues would spike by $459 billion over the same period. That money would go to additional collections of income and payroll taxes that would be paid out to a larger working population.
The bill would also changed how undocumented immigrants reach U.S. citizenship. There would be three paths. The first route involves a new status labeled Registered Provisional Immigrants (RPI). This status allows those who qualify to live and work in the U.S. children living under this status would be able to naturalize if they entered the military. They could also move to a Legal Permanent Resident (LPR) status after five years of RPI if they were at the status when under the age of 16.
Another new status would include agricultural workers. Those with the “blue card” would have eight years to meet certain requirements.