The Corner

The Cost of the Senate Immigration Bill

From a Congressional Budget Office study: 

CBO and JCT estimate that enacting this legislation would:

• Increase federal direct spending by $10 billion over the 2008-2012 period and by

$23 billion over the 2008-2017 period. Most of those outlays would be for refundable

income tax credits and Medicaid.

• Increase federal revenues by $15 billion over the 2008-2012 period and by $48 billion

over the 2008-2017 period. That increase would stem largely from greater receipts

of Social Security payroll taxes, which are classified as off-budget.

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• Lead to an increase in discretionary spending (that is, spending subject to annual

appropriation action) of $20 billion over the 2008-2012 period and $43 billion over

the 2008-2017 period, assuming appropriation of the amounts authorized or otherwise

needed to implement the legislation.