Sunday, May 22, 2011

In the long run, amnesty legalization will hurt Social Security

Most illegal immigrants will become eligible for retirement benefits at age 67. Heritage Foundation research finds that an average elderly low-skilled immigrant creates a net cost (benefits minus taxes) of about $17,000 per year. (This figure includes federal, state, and local government costs for the elderly.) Over eighteen years of expected retirement life the added costs come to $306,000 per amnesty recipient. Under present law, Social Security is expected to become insolvent in 2037. Amnesty will hasten its demise.

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