Tax credits received by illegal immigrants and wage write-offs U.S companies claim in their illegal employment costs the Treasury $296 billion over 10 years, according to a new report that is urging Congress to crackdown on the loopholes.
Annually, according to the Center for Immigration Studies, the lost taxes bill is about $30 billion, enough to fund the average middle income tax cut the Trump administration is considering, about $300.
That comes on top of wage losses to legal workers of $118 billion when companies illegally hire undocumented aliens, said CIS.
“The economic rewards of unauthorized employment of aliens are not limited to the higher wages of the illegal workers and the lower labor costs of their employers. Unauthorized alien workers and their employers also enjoy multi-billion dollar tax deductions and tax credits that were enacted into law for the benefit of law-abiding workers and businesses,” said the report.