How do immigrants contribute to the U.S. economy?

Undocumented immigrants contribute around $11.74 billion annually in state and local taxes. The loss of undocumented labor would cost the U.S. economy an estimated $5 trillion over a decade.

Did you know that nearly half of Fortune 500 Companies were founded by immigrants or their children?

An increase in immigration over the 2021–2026 period boosts federal revenues as well as mandatory spending and interest on the debt in CBO’s baseline projections, lowering deficits, on net, by $0.9 trillion over the 2024–2034 period.

Sources: 

Undocumented immigrants will boost economy, lower deficit, CBO says

More immigration means gains for U.S. economy, CBO says