A new authoritative study released by the National Academy of Sciences (NAS) reveals that the federal government would have to immediately raise taxes by $1.29 trillion in order to cover the fiscal losses created by those illegal aliens and their children who receive amnesty. This would also mean an immediate lump sum of over $15,000 on average per household in order to cover the future costs.
The NAS report provides fiscal balance projections for illegal and legal immigrants and their descendants over the next 75 years. The report found that immigrants with low education levels, like their U.S.-born counterparts, will receive more in benefits then they will pay in taxes, becoming a huge tax burden to current taxpayers.
Adult illegal aliens are six times more likely to not have a high school diploma than U.S.-born citizens. Using NAS projections, Rector found that in order to cover the immediate amnesty costs for 10 million illegal aliens the government would need to put $1.29 trillion in a high-yield account today to cover the estimated $3.6 trillion total cost to taxpayers over the next 75 years.
The study also found no evidence that low-skilled immigrants generate large-scale positive economic results that benefit U.S. workers. However, the report did find that continuing to bring in low-skill immigrants does create more of a financial burden for taxpayers.
Read more on this story at The Daily Signal.