No. of Recommendations: 8
I wonder how many MAGAs have a clue that Trump's signature issue, mass deportation will, like his tariff plans, hit them in the wallet bigly. More tax cuts will only benefit the top economic brackets, not the average MAGA-hatted Trump cultists.
The bottom line:
"Deporting large numbers of migrant workers will shrink the workforce, drive up labor costs, and make food and many other products more expensive. Growth will suffer a little, tax revenues will drop a bit, and budget deficits will be higher."---------------------------------------------------------
IF: 20 million are deported
".....undocumented migrants paid $96.7 billion in federal, state, and local taxes in 2022, so the figure would presumably be higher now if there are, in fact, more such migrants in the country. Of that amount, $60 billion went to the federal government, mostly as income and payroll taxes, while the rest went to states and cities."
"....... Congressional Budget Office recently found that higher migration levels of the last two years will help reduce federal deficits by $900 billion through 2034, or about $90 billion per year, and boost GDP growth by about two-tenths of a percentage point."
https://finance.yahoo.com/news/the-economic-risk-o... 