A landmark report reveals that immigrants in the United States contributed over $14.5 trillion more in taxes than they received in government benefits between 1993 and 2023. This massive fiscal surplus has been crucial to the nation’s economic health.
According to the study by David Bier, Director of Immigration Studies at the Cato Institute, the contributions of immigrants have significantly reduced the federal deficit. Without this influx of tax revenue, the institute’s model suggests U.S. public debt would be on track to reach 205% of GDP, more than double its current level.
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The analysis, which updates a model from the National Academies of Sciences with 30 years of data, found that even low-skilled and undocumented immigrants have a positive net impact. Undocumented immigrants alone contributed an estimated $6.3 trillion to the fiscal balance during the period studied.
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The findings underscore the pivotal role immigration has played in stabilizing U.S. finances, reportedly reducing the federal deficit by about one-third over the last 30 years.
