I don’t know how my senator, Mel Martinez, can possibly say with a straight face that this immigration bill will amount to a net increase of $70 billion over 10 years. Martinez says . . .
For those concerned about the fiscal impact associated with border security and immigration reform, the Congressional Budget Office reported on May 23rd that the solution we have drafted “would result in a net increase in revenues of $70 billion to $75billion over the 2008-2017 period.”
Bruce Kesler at the Democracy Project has the latest CBO numbers on the fiscal impact of this legislation if passed as proposed. It goes into the tens of billions per year in the red, not surplus as Sen. Martinez, who is also the Chairman of the Republican Party, claims. What’s wrong with this picture?