Immigration Impact

May 4, 2005

The Economics of Necessity: “Economic Report of the President” Underscores the Importance of Immigration

Filed under: Reports

IPClogo…for the Immigration Policy Center…

Although little noticed by the press, the 2005 Economic Report of the President – which was submitted to Congress on February 17, 2005 – prominently highlights the critical importance of immigration to the U.S. economy.  The fact that the report devotes an entire chapter to the topic of immigration underscores both the extent to which immigration has become a driving force in the economy and the degree to which immigration policy affects the nation’s economic prospects.  The data compiled in the report, as well as a wide array of data from other sources, illustrate that immigration has become the key to growth of the U.S. labor force and that immigrants provide a net fiscal benefit to the U.S. economy…

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