Author Topic: Amnesty Would Impose Large Costs on Social Security and Medicare  (Read 235 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • My oath of enlistment has no expiration date
  • TBR Contributor
  • *****
  • Posts: 126,868
  • Gender: Male
Amnesty Would Impose Large Costs on Social Security and Medicare
By Jason Richwine on April 5, 2021
 

Jason Richwine is a resident scholar at the Center for Immigration Studies.
Summary

Under current law, illegal immigrants are net contributors to Social Security and Medicare. They partially pay in to entitlement programs, but cannot legally receive benefits. By granting eligibility for benefits, however, amnesty would transform illegal immigrants from net contributors into net beneficiaries, imposing steep costs on the Social Security and Medicare trust funds:

    Amnesty would impose a lifetime net cost on Social Security and Medicare Part A (hospital insurance) of about $129,000 per amnesty recipient. This cost is the present discounted value of benefits received minus new taxes paid.

    If 10 million illegal immigrants receive amnesty, the total cost to Social Security and Medicare Part A would be roughly $1.3 trillion in present value, equivalent to a one-time transfer of 6 percent of GDP.

    Because most of these costs would occur outside its 10-year budget window, the Congressional Budget Office is unlikely to include them when it scores amnesty legislation.

https://cis.org/Report/Amnesty-Would-Impose-Large-Costs-Social-Security-and-Medicare
Give a Democrat a fish and he'll eat for a day.  Teach a Democrat to fish and he'll steal your rod, take your wallet, sexually assault the fish, and then blame President Trump.

Author unknown