Yesterday, President Obama and senior Administration officials met with a group of top U.S. business leaders to discuss the importance of commonsense immigration reform to bolster U.S. economic growth, and improve the climate for business, and job creation. These leaders shared with the President their desire to see our broken immigration system fixed, both because it is the right thing to do, and because it will be good for the U.S. economy.
In addition to the 7.5 million jobs we have created in the U.S. over the past three and a half years, according to the nonpartisan Congressional Budget Office (CBO), over the next two decades, the bipartisan bill that has already passed the Senate would grow our economy by an additional $1.4 trillion, and shrink our deficits by nearly $1 trillion. The Senate bill would modernize our legal immigration system.
With common sense immigration reform, American colleges, universities, and businesses can attract the brightest minds in the world to our shores to start new businesses, and spur economic growth for all Americans. And, reform would also make sure everyone plays by the same rules, providing a pathway to earned citizenship for those who are living in the shadows, including passing a background check, learning English, paying taxes and a penalty, and getting in line behind everyone else.
The time is now to fix our nation’s immigration system to allow us live up to our rich history as a proud nation of immigrants.