Robert Rector
Estimates Lifetime Retirement Costs Of Illegals Granted Executive Amnesty At
$1.3 Trillion
AP Photo/Mark J. Terrill
by Caroline May17 Mar
2015157
The lifetime costs of Social Security and Medicare
benefits of illegal immigrant beneficiaries of President Obama’s executive
amnesty would be well over a trillion dollars, according to Heritage Foundation
expert Robert Rector’s prepared testimony for a House panel obtained in advance
by Breitbart News.
Rector, a senior research fellow at
Heritage, is slated to speak on the costs of Obama’s executive amnesty Tuesday
before the House Oversight and Government Reform Committee. He will testify to
the high entitlement costs of granting legal status to millions of illegal
immigrants.
Based on Rector’s calculations, which
assume that at least 3.97 illegal immigrants would apply for and receive legal
status under Deferred Action for Parents of U.S. citizens and legal permanent
residents (DAPA), and that the average DAPA beneficiary would have a 10th grade
education, the costs would be immense.
Specifically, in 2010 dollars, the
lifetime costs of Social Security benefits to DAPA beneficiaries would be about
$1.3 trillion.
He further estimates that DAPA
recipients would $7.8 billion each year once they have access to the refundable
Earned Income Tax Credit (EITC) and the refundable Additional Child Tax Credit
(ACTC). Further, the retroactive costs of the EITC and ACTC— current IRS policy
will allow amnesty recipients to claim up to
three years of tax benefits for illegal work — Rector expects to be as high
as $23.5 billion.
The Heritage expert notes that DAPA
eligible families are already able to claim certain welfare benefits — such as
food stamps, Medicaid, and Women, Infants and Children program (WIC) — on
behalf of their U.S.-born children.
“The average DAPA eligible family
already receives around $6,600 per year in means-tested welfare benefits, prior
to Obama’s executive action. (The aggregate cost is around $13.4 billion per
year.)” his testimony reads.
And while DAPA recipients are not
eligible for Obamacare, Rector argues that future legislation could eventually
make such DAPA-eligible families able to get coverage under Obamacare — at a
cost of $14 billion annually.
“On average, the combined cost of
means-tested welfare benefits currently received, the EITC and ACTC cash, and
potential Obamacare benefits would come to $17,800 per year per DAPA family,”
Rector’s testimony reads. “The aggregate cost would be over $35 billion per
year.”
In terms of what DAPA eligible
individuals would contribute in tax payments once they are “on the books,” Rector
estimates that “Federal Insurance Contribution Act (FICA) and federal income
tax revenues would increase by about $7.2 billion per year.”
“Nonetheless, the increase in tax
revenue would be equaled or outweighed by the increase in EITC and ACTC cash payments,”
the testimony concludes. “The value of total means-tested welfare benefits
received by DAPA eligible families exceeded the value of FICA and federal
income tax payments made by those families before the executive action and will
continue to do so after the action as well.”
Rector further assumes that the
granting of executive amnesty “will encourage increased illegal immigration in
the future, imposing further costs on taxpayers.”
HERITAGE FOUNDATION: OBAMA’S AMNESTY WOULD ADD 100 MORE
ILLEGALS AND COST AMERICANS (Legals) BILLIONS AND BILLIONS
HERITAGE FOUNDATION: OBAMA’S AMNESTY
WOULD ADD 100 MORE ILLEGALS AND COST AMERICANS (Legals) BILLIONS AND BILLIONS….
actually, it already does!
CA alone puts out $28 billion per
year in social services to illegals with counties handing out even more!
the staggering cost of Mexico’s
looting:
THE OBAMA AMNESTY HOAX
TO LEGALIZE MEXICO’S LOOTING:
“THE AMNESTY ALONE WILL BE THE LARGEST EXPANSION
OF THE WELFARE SYSTEM IN THE LAST 25 YEARS” Heritage Foundation
"The amnesty alone will be the largest
expansion of the welfare system in the last 25 years," says Robert Rector,
a senior analyst at the Heritage Foundation, and a witness at a House Judiciary
Committee field hearing in San Diego Aug. 2. "Welfare costs will begin to
hit their peak around 2021, because there are delays in citizenship. The very
narrow time horizon [the CBO is] using is misleading," he adds. "If
even a small fraction of those who come into the country stay and get on
Medicaid, you're looking at costs of $20 billion or $30 billion per year.”
(CALIFORNIA ALREADY PAYS OUT $25 BILLION IN SOCIAL SERVICES TO ILLEGALS ON THE
STATE LEVEL ALONE AND NOW LA RAZA CONTROLS THE STATE LEGISLATURE AND ARE VOTING FOR EVEN MORE)
Obama’s State of Delusion
22 January 2015
“The delusional character of Obama’s State of the Union address on Tuesday—presenting an America of rising living standards and a booming economy, capped by his declaration that the “shadow of crisis has passed”—is perhaps matched only in its presentation by the media and supporters of the Democratic Party.”
“The general tone was set by the New York Times in its lead editorial on Wednesday, which described the speech as a “simple, dramatic message about economic fairness, about the fact that the well-off—the top earners, the big banks, Silicon Valley—have done just great, while middle and working classes remain dead in the water.”
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