Immigration is Good for the U.S. Economy
Posted Feb 05, 2000

In a recent speech in late January 2000, the Federal Reserve Chairman, Alan Greenspan, commented that easing restrictions on immigration would go a long way in solving labor shortages that are threatening the U.S’s continued economic growth. He has recommended increased immigration as a way to ensure that the economic boom continues!

Kudos to Mr. Greenspan and others who recognize the vital role played by immigrants to the U.S.! As mentioned in previous issues of the Immigration Law Bulletin of the Law Office of Sheela Murthy, the contributions that immigrants make to the U.S. economy far surpass any benefits they take from the U.S.

For example, in a study by Stephen Moore, entitled “A Fiscal Portrait of the Newest Americans”, he demonstrates how immigrants benefit America!

Examples include:

• Immigrants contribute $10 billion to the U.S. economy each year.
• In 1997, immigrant households paid $133 billion in direct taxes to the U.S. federal, state and local governments.
• Immigrants and their families pay $80,000 more in taxes than they use in any services, over the course of their lifetimes!

In addition, the net benefit to the U.S. Social Security System, and we know that they need help, is $500 billion over the next 20 years!!! Talk about the benefit that the U.S. is reaping from the direct contributions of immigrants!

The Law Office of Sheela Murthy, P.C.