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New Study Released by The Social Contract magazine | |||||||||||||||||||||||
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FISCAL IMPACT OF IMMIGRATION IS $9,000 PER TAXPAYER |
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Grace Commission Architect, Ed Rubenstein, Addresses Press Conference in Washington, D.C. | |||||||||||||||||||||||
Washington, D.C. -- As tax day looms for Americans, two leading financial analysts released a new 70-page study, "The Fiscal Impact of Immigration: An Analysis of the Costs to 15 Federal Departments and Agencies," at the National Press Club in Washington, D.C. Edwin S. Rubenstein and Peter Brimelow presented the results of the new report, which was compiled by Rubenstein, president of ESR Research. Mr. Rubenstein was senior economist for W.R. Grace & Co. where he directed studies on federal government waste and inefficiency for the Grace Commission; and has been an adjunct fellow at the Manhattan Institute, and research director of the Hudson Institute. Rubenstein, along with Peter Brimelow, former senior editor for Forbes, former associate editor for both Barron’s and Fortune, a columnist of MarketWatch.com, and editor of VDARE.com, outlined the findings in the new study at a News Conference at the National Press Club in Washington, D.C. Wayne Lutton, Editor of The Social Contract magazine, also spoke. Federal agencies examined in the study are the Departments of Agriculture, Commerce, Defense, Education, Energy, Interior, Justice, Labor, Health and Human Services, Housing and Urban Development, Transportation, Treasury, and State, in addition to Homeland Security, and the Social Security Administration. This first of its kind assessment of the fiscal impact of mass immigration on 15 Cabinet-level government departments and agencies concludes that these agencies spent $346.4 billion on immigration in 2007, a number comparable to the federal deficit. The report also finds that: --Each immigrant costs taxpayers more than $9,000 --Each four-person immigrant household costs taxpayers $36,000 “The federal government has never done a comprehensive analysis of the fiscal impact of immigration,” Edwin Rubenstein said. “Our report looks at the total costs of immigration – the cost of providing for the 37 million (legal and illegal) immigrants in the country today. We believe that every government agency, and most government programs, are impacted by immigration.” The report was published by The Social Contract magazine. It is available to all interested journalists. # # # |
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