Wednesday, March 18, 2009

Immigration Reform Is Vital For The U.S. Economy

Immigration reform is vital to steer the U.S. economy towards recover. As most illegal immigrants living inside the U.S., are undocumented and therefore part of the underground economy, their income and resources too often go unreported and unaccounted for.

No matter on what side of the immigration debate you are on, it is agreeable that having such a large population of undocumented and therefore untraceable individuals residing in the U.S. is disadvantageous for all citizens. Most illegal immigrants are tremendously productive parts of our society, and are eager to contribute to the U.S. economy. Therefore they should be given a chance and path towards a legal status. Illegal immigrants are already residing in the U.S. in millions, and it is very unlikely that government actions will be taken to massively deport all of these individuals. Therefore, we feel that urgent action is needed to deal with this illegal immigration, as it should be a vital and integral part of any economic recovery plan.

ABS analysis indicates that if mass legalization should take place of illegal immigrants who have clear criminal records, it would be huge milestone towards U.S. economic recovery. This action would stimulate demand in the sectors that are the hardest hit by the economic downturn such as housing, automotive and travel. Suddenly there would be millions of new consumers for housing, cars, travel and etc. who are eager but unable to make these purchases. Therefore, immigration reform would significantly increase consumer demand.

Besides the rise in consumer demand, immigration reform would increase tax receipts for local, state and federal government as well, and level the playing field for legal citizens in many industries such as construction, leisure, and etc.

ABS only analyzed the financial impact of Immigration Reform, without even looking at the humanitarian aspects of it. There are so many sad cases of humanitarian suffering that many immigrants are exposed to due to their illegal status in the U.S., and therefore urgent action is needed to help these individuals.

We want to hear from you, about what affects illegal immigration has on your business/non-profit organization.

Alliance Business Solutions

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