U.S. Tax Revenue To Rise If Obama Legalizes Some Immigrants







The liberal-leaning Center for American Progress said in a report on Thursday that U.S. government tax collections would get a multi-billion-dollar boost if President Barack Obama issued an executive order giving temporary legal status to millions of undocumented residents.The group estimated $21.2 billion in additional payroll taxes would be collected over five years under one scenario available to Obama, who has made immigration reform a priority of his second term. The report said, "Many workers and employers will be able to emerge from the underground economy and pay payroll taxes for the first time." Obama, who had strong support from the Latino community in his 2012 re-election, had pushed Congress to pass a bill that would provide a pathway to citizenship for some of the 11.7 million undocumented people in the United States. http://yhoo.it/Whvkws http://bit.ly/1fJ5yqZ





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