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New Study Shows Positive Fiscal Effects of Loosening Green Card and H-1B Caps

New Study Shows Positive Fiscal Effects of Loosening Green Card and H-1B Caps

Results Will Be Discussed at March 10 Conference

 

 

For Immediate Release

Contact: Ashley Creel

March 6, 2008

(202) 828-4405

 

 

Lifting restrictions on high-skilled immigration would reduce the federal deficit, according to a new study by TPI senior fellow Arlene  Holen.  The new study will be discussed at a March 10 TPI conference at the National Press Club from 12-3.  Representative Zoe Lofgren (D-CA) will deliver a keynote address.  The conference agenda and registration information can be found here.

 

Holen’s study shows:

 

- Highly skilled immigrants pay substantially more in taxes than they receive in federal benefits.

 

- Green card and H-1B constraints have precluded hundreds of thousands of foreign graduates of U.S. colleges and universities with technical majors from contributing to the U.S. economy.  Such workers might have added almost $14 billion to the nation’s GDP in 2008 and some $3 billion to the federal treasury.

 

- Green card constraints have kept hundreds of thousands of H-1B visa-holders from continuing to work in the United States.  Such workers might have added roughly $5 billion to the federal treasury in 2008.

 

- Legislation considered by Congress during the last few years to loosen green card and H-1B caps could reduce the federal deficit on the order of $100 billion over ten years.

 


The Technology Policy Institute

 

The Technology Policy Institute is a research and educational organization that focuses on the economics of innovation, technological change, and related regulation in the United States and around the world. More information is available at http://www.techpolicyinstitute.org/.

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