Immigration bill would boost Social Security

WASHINGTON (AP) — An analysis by the Social Security Administration says a bipartisan immigration bill pending in the Senate would boost the retirement program’s trust fund by adding millions of taxpayers to the economy.

The finding comes in a letter to Sen. Marco Rubio, R-Fla., who requested the analysis, from Stephen C. Gross, chief actuary for the agency.

It could provide a boost for the immigration bill, which has been attacked by some conservatives as overly costly, as the Senate Judiciary Committee prepares to begin amending the measure on Thursday.

The analysis says the bill would add more than $300 billion in net additional revenues to Social Security and Medicare over the coming decade.

Gross writes that the overall effect of the bill on the long-range trust fund balance “will be positive.”

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

blog comments powered by Disqus