What exactly is the DREAM act?
The DREAM Act is a piece of legislation which would allow the 65,000 young undocumented students who graduate high school each year to start a pathway to U.S. citizenship after completing two years of college or military service.
How will this help or hurt the US economy?
According to the Congressional Budget Office (CBO), the House version of the DREAM Act (H.R. 6497) would reduce deficits by about $2.2 billion and increase revenues by $1.7 billion over the 2011-2020 period, the ten year period for which bills are scored. This report augments a 2010 study by the UCLA North American Integration and Development Center that estimates that the total earnings of DREAM Act beneficiaries over the course of their working lives would be between $1.4 trillion and $3.6 trillion.
Per on-line reports senate will continue to move on this vote tomorrow on whether to proceed to its own version of the DREAM Act, S.3992.
Will this boost the US economy?
These CBO scores affirm that the DREAM Act is good for the economy, and that legalization leads to higher wages and therefore more tax revenues and higher consumption levels, and supports American jobs.
Rep. Eliot (D) of New York asked opponents of the bill to “have a little compassion,” going on to say, “these children came here, they didn’t decide to come here. They know no other country. Some of them don’t even know the language of the country in which they were born, and they deserve to have a right as free Americans."
Basically many say this all could mean a "backdoor grant of amnesty that would encourage more foreigners to sneak into the United States in hopes of being legalized eventually."