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Tuesday, November 8, 2016

Amnesty tax: $15,000 per household, $1.2 trillion

Amnesty for illegal immigrants like a program proposed by Democratic presidential candidate Hillary Rodham Clinton would require an immediate tax hike of $1.2 trillion, a $15,000 hit on every household in America, according to a new analysis of immigration reform. The authoritative National Academy of Sciences said the cost to give some 11 million illegals citizenship rights would be staggering, though it suggested long-term benefits.
A Heritage Foundation analysis of the NAS study looked at just the impact amnesty would have and said that an immediate tax increase of $1.29 trillion would be needed to finance the infrastructure, school, welfare and other costs of illegals. "The findings in the report indicate that if amnesty for illegal immigrants were enacted, the government would have to raise taxes immediately by $1.29 trillion and put that sum into a high-yield bank account to cover future fiscal losses generated by the amnesty recipients and their children," said Robert Rector, Heritage's senior domestic research fellow.
"To cover the future cost, each U.S. household currently paying federal income tax would have to pay, on average, an immediate lump sum of over $15,000," he added. READ MORE