Economist: Removing them would hurt Texas’ economy
While lawmakers in Washington try to pass immigration reform, a new report suggests the economic power of immigrants is increasing.
The Immigration Policy Center says immigrants are contributing more to the economy. Their purchasing power is up $55 billion dollars from what it was in 2012. Economist Ray Perryman says the numbers he has seen backs that up.
“They seem to be good wage earners. Many of them pay a lot of taxes in this country. Many of them have a lot of purchasing power which benefits the communities in which they live,” Perryman told KTRH.
Perryman also says the country needs what immigrants bring to the table.
“People don’t realize, but when the work force needs workers markets go out and try to find them. When we don’t have enough domestic workers, the market looks for them elsewhere,” Perryman explained.
However, Ira Mehlman of the Federation for American Immigration Reform says the cost to keeping illegals here outweighs the economic benefit.
“Immigrants cost the state of Texas almost $9B a year. Their economic contributions and tax contributions don’t nearly offset that,” Mehlman said.
Perryman says if you deported all illegal immigrants from the state, the economy would lose about 400 thousand jobs, and about $70Bin economic activity.