The President is taking action, within his legal authority, to fix our broken immigration system. America needs a 21st century immigration system that lives up to our heritage as a nation of laws and a nation of immigrants -- and that grows our economy.
According to an analysis by the President’s Council of Economic Advisers, the President’s executive actions on immigration stand to boost the nation’s GDP by $90 billion to $210 billion, while shrinking the Federal deficit by $25 billion over the next ten years. These actions will also increase the productivity and wages of all American workers, not just immigrants.
Many of these economic benefits spring from the President’s actions to “make it easier and faster for high-skilled immigrants, graduates, and entrepreneurs to stay and contribute to our economy.” We need to build on our strengths -- after all, over one-quarter of all U.S.-based Nobel laureates over the past 50 years were foreign-born, and more than 40 percent of Fortune 500 companies were founded by immigrants or children of immigrants.
