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Amnesty for illegal immigrants like a program proposed by Democratic presidential candidate Hillary Rodham Clinton would require an immediate tax hike of $1.2 trillion, a $15,000 hit on every household in America, according to a new analysis of immigration reform.
The authoritative National Academy of Sciences said the cost to give some 11 million illegals citizenship rights would be staggering, though it suggested long-term benefits.
New analysis from Robert Rector reveals amnesty for illegal immigrants would require more taxes of $1.29 trillion t.co...— Heritage Foundation (@Heritage) November 4, 2016
A Heritage Foundation analysis of the NAS study looked at just the impact amnesty would have and said that an immediate tax increase of $1.29 trillion would be needed to finance the infrastructure, school, welfare and other costs of illegals.
"The findings in the report indicate that if amnesty for illegal immigrants were enacted, the government would have to raise taxes immediately by $1.29 trillion and put that sum into a high-yield bank account to cover future fiscal losses generated by the amnesty recipients and their children," said Robert Rector, Heritage's senior domestic research fellow.
"To cover the future cost, each U.S. household currently paying federal income tax would have to pay, on average, an immediate lump sum of over $15,000," he added.
So wait a minute. You people up there can't, don't, or won't enforce our own immigration laws- letting untold millions of people through, illegally- and now you want ME to pay for it? 15 grand? I can't even afford a decent used car to get to work!
Amnesty for illegal immigrants like a program proposed by Democratic presidential candidate Hillary Rodham Clinton
The authoritative National Academy of Sciences said the cost to give some 11 million illegals citizenship rights
Hillary’s formally proposed $1 trillion net tax increase consists of the following:
Income Tax Increase – $350 Billion: Clinton has proposed a $350 billion income tax hike in the form of a 28 percent cap on itemized deductions.
Business Tax Increase -- $275 Billion: Clinton has called for a tax hike of at least $275 billion through undefined business tax reform, as described in a Clinton campaign document.
“Fairness” Tax Increase -- $400 Billion: According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.
But there are even more Clinton tax hike proposals not included in the tally above. Her campaign has failed to release specific details for many of her proposals. The true Clinton net tax hike figure is likely much higher than $1 trillion.
Capital Gains Tax Increase -- Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for a byzantine capital gains tax regime with six rates. Her campaign has not put a dollar amount on this tax increase.
Tax on Stock Trading -- Clinton has proposed a new tax on stock trading. Costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts. The tax increase would only further burden markets by discouraging trading and investment. Again, no dollar figure for this tax hike has been released by the Clinton campaign.
“Exit Tax” – Rather than reduce the extremely high, uncompetitive corporate tax rate, Clinton has proposed a series of measures aimed at inversions including an “exit tax” on income earned overseas. The term “exit tax” is used by the campaign itself. Her campaign document describing this proposal says it will raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief. How much? The campaign doesn't say.
This proposal completely fails to address the underlying causes behind inversions: The U.S. 39% corporate tax rate (35% federal rate plus an average state rate of 4%) and our "worldwide" system of taxation, which imposes tax on all American earnings worldwide. The average corporate rate in the developed world is 25%. Thirty-one of thirty-four developed countries have cut their corporate tax rate since 2000. The U.S. has not. Hillary's plan moves in the wrong direction.
ATR is tracking Clinton’s full tax record at its dedicated website, HighTaxHillary.com
originally posted by: Phage
Can you explain how the program proposed by Clinton equals citizenship for 11 million? Because I don't think it does.
As president, Hillary will:
Introduce comprehensive immigration reform. Hillary will introduce comprehensive immigration reform with a pathway to full and equal citizenship within her first 100 days in office. It will treat every person with dignity, fix the family visa backlog, uphold the rule of law, protect our borders and national security, and bring millions of hardworking people into the formal economy.
Now THAT is a total load of horse manure.
Democrat Hillary Rodham Clinton has voiced support for the sanctuary effort in which state and local officials in mostly urban areas choose to harbor illegals with criminal records rather than comply with ICE requests to turn them over or even identify their immigration status. Donald Trump has called for an end to the practice.
Hillary will introduce comprehensive immigration reform with a pathway to full and equal citizenship
originally posted by: Phage
To build a wall or to reform immigration law. So, if Clinton is lying so is Trump.
originally posted by: Phage
a reply to: TrueAmerican
Yeah well, we've tried (cough,cough) the law forever, and you see the result.
Tried to change it? Those attempts seem to have gotten stuck, for some reason.
You think a wall will actually work? Ask Hadrian about that.