Menendez: New Report Reaffirms the Substantial Benefits of Immigration Reform for NJ

Menendez: New Report Reaffirms the Substantial Benefits of Immigration Reform for NJ

Newark, NJ - Continuing the bipartisan push for the House of Representatives to move on legislation fixing our nation's broken immigration system, U.S. Senator Robert Menendez (D-NJ) joined representatives from New Jersey Policy Perspective (NJPP) andRobert Prunetti, the president and CEO of the MIDJersey Chamber of Commerce, on a conference call today to unveil a new report confirming the socio-economic benefits that New Jersey stands to receive from passing commonsense immigration reform.

As a champion for immigration reform in Congress, Senator Menendez was a member of the Senate's "Gang of 8" that wrote S.744 - comprehensive immigration reform legislation that established a clear pathway to citizenship for undocumented immigrants - which passed the senate in June 27, 2013.

NJPP's report details how the Senate-passed immigration bill would serve as a huge financial boost for New Jersey's economy, creating thousands of new jobs, while also granting immigrant families a fair chance to pursue the American dream. A full copy of the report can be downloaded here.

"This important examination by New Jersey Policy Perspective confirms what I have been saying all along," said Sen. Menendez. "There aren't many bills before Congress that can simultaneously increase revenue and GDP, create jobs and lower the deficit. The report finds that immigration reform will provide a huge economic boost to both New Jersey and the nation, generating $377 million annually to the State's economy and $81 million per year in state and local taxes, with projected annual revenues to New Jersey soaring to $1.3 billion by 2020. That is why the House must not delay immigration reform."

"The Senate bill is hardly perfect, but it would enable New Jersey to strengthen its place as a gateway for immigrants and bring hundreds of thousands of undocumented New Jerseyans out of the shadows to participate fully and openly in the economic life of the state," said NJPP president Gordon MacInnes.

"Reforming our immigration laws will increase economic activity and provide our companies with new business opportunities," said Robert Prunetti, the president of the MIDJersey Chamber of Commerce

According to the report findings, the Senate's immigration bill would boost New Jersey's economy in four key ways:

  • Expanding the number of highly paid, high-skilled visa holders working in New Jersey.
  • Encouraging more New Jersey immigrants to become entrepreneurs and start small businesses.
  • Bringing more immigrants out of the economic shadows by ensuring they are working here legally and paying taxes.
  • Providing better job opportunities and creating a larger window to enter the middle class.

Despite the fact that this bipartisan legislation is the most comprehensive effort to fix our nation's broken immigration system in almost three decades, the House of Representatives has not yet voted on this bill or an alternative.