Lifetime Retirement Costs Of Illegals Granted Executive Amnesty Estimated At $1.3 Trillion
Article publisher:
Breitbart
Article date:
18 March 2015
Article category:
Our American Future
Medium
Article Body:
The lifetime costs of Social Security and Medicare benefits of illegal immigrant beneficiaries of President Obama’s executive amnesty would be well over a trillion dollars, according to Heritage Foundation expert Robert Rector’s prepared testimony for a House panel obtained in advance by Breitbart News.
Rector, a senior research fellow at Heritage, is slated to speak on the costs of Obama’s executive amnesty Tuesday before the House Oversight and Government Reform Committee. He will testify to the high entitlement costs of granting legal status to millions of illegal immigrants.
Based on Rector’s calculations, which assume that at least 3.97 illegal immigrants would apply for and receive legal status under Deferred Action for Parents of U.S. citizens and legal permanent residents (DAPA), and that the average DAPA beneficiary would have a 10th grade education, the costs would be immense.
Specifically, in 2010 dollars, the lifetime costs of Social Security benefits to DAPA beneficiaries would be about $1.3 trillion.
He further estimates that DAPA recipients would $7.8 billion each year once they have access to the refundable Earned Income Tax Credit (EITC) and the refundable Additional Child Tax Credit (ACTC). Further, the retroactive costs of the EITC and ACTC— current IRS policy will allow amnesty recipients to claim up to three years of tax benefits for illegal work — Rector expects to be as high as $23.5 billion.
The Heritage expert notes that DAPA eligible families are already able to claim certain welfare benefits — such as food stamps, Medicaid, and Women, Infants and Children program (WIC) — on behalf of their U.S.-born children.
“The average DAPA eligible family already receives around $6,600 per year in means-tested welfare benefits, prior to Obama’s executive action. (The aggregate cost is around $13.4 billion per year.)” his testimony reads.
And while DAPA recipients are not eligible for Obamacare, Rector argues that future legislation could eventually make such DAPA-eligible families able to get coverage under Obamacare — at a cost of $14 billion annually...
CAIRCO Research
Defrauding the American Taxpayer: The Earned Income and Additional Child Tax Credits - A 2013 Update, Edwin S. Rubenstein, The Social Contract, 2013.