Register | Forgot Your Password? | Close

PHOENIX -- A Valley economist said the impact of immigration reform on Arizona's economy is still unknown.

"States might incur additional costs if the immigrants are eligible for additional state programs," said Jim Rounds. "While I think there are some positives on the revenue side, there's expenditures related to it. A family of four would have to make a significant income before they're net contributors to Arizona in terms of taxes paid versus benefits received. It's not as cut and dry as the federal government is publishing. We have to be cautious about reading all of these optimistic reports about how much income is going to be generated."

The Social Security Administration claimed a Senate bill to reform immigration would boost the retirement program's trust fund and help the economy. The administration estimated the Gang of Eight's immigration reform bill would add three million jobs, increase the country's gross domestic product by 1.63 percent and shore up the social security fund over the next decade.

Rounds said those numbers appear overly optimistic.

The Heritage Foundation, a conservative think tank, said allowing 11 million people who are largely low-skilled to access U.S. taxpayer-funded social benefits will cost more than it generates: Approximately $6 trillion in the next 50 years.

Jim Cross, Reporter

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: