Democrats and some Republicans have been touting a new CBO report on the immigration bill because it pushes costs into the future, so it doesn’t appear that it will be as costly as it really is. But there’s a lot they aren’t telling you about what else the CBO said, like how it will drive down wages for American workers, and allow 46 million new immigrants into the US by 2033. Naturally, this will make it harder for Americans to find jobs.
On page seven of the analysis, the CBO and JCT conclude that the “Gang of Eight” bill would drive down American workers’ wages. “Taking into account all of those flows of new immigrants, CBO and JCT expect that a greater number of immigrants with lower skills than with higher skills would be added to the workforce, slightly pushing down the average wage for the labor force as a whole, other things being equal,” the report reads.
On the same page, the CBO and JCT analysis found that illegal immigrants who would receive amnesty, or legalized status, would see a spike in their income while Americans’ incomes dropped. “However, CBO and JCT expect that currently unauthorized workers who would obtain legal status under S. 744 would see an increase in their average wages,” it reads.
Similarly, a bullet point on page nine shows that CBO and JCT believe that demand for workers would “dampen,” meaning it would be harder for Americans to find jobs if the bill passed. (Read More)
With 46 million new immigrants how could it not dampen demand for workers?
The Senate’s pending immigration bill will pave the way for the arrival of 46 million legal immigrants over the next 20 years, increase the federal debt in the same time period and shrink Americans’ average wage, according Alabama Republican Sen. Jeff Session’s critical reading of two new reports on the pending immigration reform bill provided by the Congressional Budget Office. (Read More)
The next paragraph of the above article quotes Marco Rubio saying how great this will be for the economy. The man is delusional. Why doesn’t he just switch parties now?
But there is a little bit of good news today. Well, possibly good news. After going through all of the reasons this bill is so bad, Front Page Magazine reported that the chances of anything passing in the House are still fairly slim.
An analysis by Amy Walter of the nonpartisan Cook Political Report puts the odds of passage in the House somewhere between slim and none.
For House Republicans, “[T]here is little short-term gain to supporting immigration legislation,” Walter says. “It won’t make them any safer in a general election and instead may make them more vulnerable in a primary.”
GOP operatives’ entreaties to House lawmakers to support the bill out of loyalty to the party are likely to fall on deaf ears. “Today, with over 40 percent of the GOP conference elected since 2010, the idea of ‘taking one for the team’ is likely to fall flat,” Walter says. “Most of these members ran to shake up Washington and have pledged to refuse to bow to party bosses.”
“[I]t’s going to take more than just talk of being a ‘good soldier’ to get House GOPers to go along with comprehensive immigration reform,” she says. (Read More)
We shall see. If Nancy Pelosi can get all of the Democrats behind a bill, then Boehner won’t need to find all that many Republicans to go along.