Josh Gay

They don't like centralizing economic control.

they're not at all progressive, and they are certainly not aligned with democratic messaging, anything on the left.

They are not aligned with that.

Their interest here is economic efficiency through free markets, which means to me, if they're publishing this 30-year fiscal analysis saying immigration is not a budgetary disaster, which is how this comes to light,

It deserves attention because this is someone from the other side contradicting the Trump administration.

So let's talk about what these numbers and what they're saying.

Let's start with the big numbers, right?

Between 94 and 2023, immigrants generated $24.2 trillion in tax revenue.

Compare that to the government spending on those same immigrants.

The government spent $13.6 trillion.

That means immigrants in this country, just by being here and participating in our economy, produced a surplus of $10.6 trillion.

So, I mean, that's a huge number.

Now, let's keep digging into this because it gets more important as we go on, right?

So this concept of the surplus, it means lower deficits, lower interest costs on government debt.

And Cato goes through all of that.

They go into the debt savings.

And you bring this total benefit, so not just the $10.5 billion.

You're looking at the entire fiscal benefit, including the debt savings.

It raises it to $14.5 trillion over those 30 years.

That's half a trillion dollars a year over the last three decades.