Last Thursday, Vice President Biden spoke to 350 Hispanic businessmen, entrepreneurs, and community leaders at the U.S. Hispanic Chamber of Commerce Annual Legislative Summit.
During his speech, he spoke passionately about the need for immigration reform and thanked the Chamber for their continued leadership on this issue.
The Vice President stated, “The single most important thing we can do for our economy, for America’s future, is pass immigration reform now.”
He cited the findings of the nonpartisan Congressional Budget Office (CBO) on the economic benefits of the immigration reform bill (S. 744) the Senate passed in June and similar legislation recently introduced by House Democrats. The CBO determined common-sense reform would increase our gross domestic product by $1.4 trillion and reduce the deficit by $850 billion over the next 20 years.
The Vice President offered several examples to illustrate why our current broken immigration system is damaging our economy.
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