US immigration bill would help Social Security’s finances
A Senate bill to overhaul US immigration laws would help ease financial strains on the Social Security retirement program, government analysts said on Wednesday in a report that marked the latest salvo in a debate over the legislation’s impact.
In a letter to Florida Republican Senator Marco Rubio, who is one of the authors of the bill, analysts at the Social Security Administration said the overall effect of the bill on the Social Security’s finances “will be positive.”
The analysis said the bill would create a net 3.22 million jobs over the next decade and boost U.S. gross domestic product by 1.63 percentage points over that period.
The letter came days after a hotly debated report from the Heritage Foundation, a conservative think tank, said the pathway to citizenship in the bill for undocumented immigrants could cost taxpayers trillions of dollars.