economy. For instance, immigrants contributed an estimated two trillion to the U.S. GDP in 2016 (CAP Immigration Team and Nicholson). Immigrants also boost productivity through innovation and entrepreneurship. In 2010, over forty percent of Fortune 500 companies were founded by immigrants and their children, and these companies employ more than 10 million people worldwide. Additionally, the net fiscal impact of immigration is positive over the long run. For example, from 2011 to 2013, children of immigrants added $1,700 per person to local and state budgets, and immigrants’ grandchildren added another $1,300. The immigrants’ net contribution across three generations was $900 per person (CAP Immigration Team and …show more content…
economy (CAP Immigration Team and Nicholson). It's estimated that their mass deportation could result in a 2.6 percent decline in GDP (an average annual loss of $434 billion). It could additionally cost the federal government approximately $900 billion in lost revenue over 10 years. It would also create income losses for large and important industries including financial activities, manufacturing, and wholesale and retail trade. The annual long-run GDP losses in such industries would probably reach $54.3 billion, $73.8 billion, and $64.9 billion, respectively. States with the most undocumented workers such as California (loss of $103 billion), Texas (loss of $60 billion), New York (loss of $40 billion), and New Jersey (loss of $26 billion) would experience the largest declines in GDP. In addition, deporting the whole undocumented population would cost the federal government approximately $114 billion over 20 years (an average of $10,070 per person), which includes detaining them while they wait for the process, processing them through the immigration courts, and transporting them abroad (CAP Immigration Team and