Recently, Fareed Zakaria discussed the economics of immigration reform. Here is a description of Fareed’s economic argument in favor of reform. Here is a description of the video:
The latest numbers show slow growth in the United States. That’s bad for jobs, income – it’s even bad for those worried about the deficit because it means lower tax revenues. And it has prompted a revival of the partisan debate about what to do about it.
Well, there’s one idea out there that could have support from both parties. A study out last week suggests there is one very simple way to increase tax revenue, expand GDP, and create jobs – all at the same time. What’s more, Congress is already weighing it: it’s called immigration reform.
How and why? Well, a new paper from the left-leaning Center for American Progress actually calculates the economic impact of immigration reform.