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Immigrants Saved American Taxpayers over $14 Trillion: New Report
Immigrants paid $14.5 trillion more in taxes than they received in benefits from 1994 to 2023, reducing U.S. budget deficits by about one-third, Cato Institute reports.
Summary by Newsweek
5 Articles
5 Articles
'Immigrants are subsidizing the U.S. government': how the undocumented actually shrank the deficit by $14.5 trillion over 3 decades
Cato Institute ran the math and found that without immigrants' contributions, the national debt would be a third higher than today's $38 trillion.
·New York, United States
Read Full ArticleCato Institute: Immigrants’ Recent Effects on Government Budgets: 1994–2023
Our analysis in this paper shows that immigrants generated a fiscal surplus of about $14.5 trillion from 1994 to 2023, that the average immigrant is much less costly than the average US-born American, and that immigrants impose lower costs per person on old-age benefit, education, and public safety programs.
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Cato Study: Immigrants Reduced Deficits by $14.5 Trillion Since 1994
Coverage Details
Total News Sources5
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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