The Border Security, Economic Opportunity, and Immigration Modernization Act (S.744, or the Gang of Eight bill) establishes a 90 percent “effectiveness rate” as a goal for each of the nine separate sectors along the southern border.
Social Security has served as a retirement foundation for hundreds of millions of American workers ever since its creation in 1935. Today, low-income seniors – those with incomes below $20,100 – receive over 80 percent of their income from the Social Security monthly check. Even for those in the middle quintile – with incomes between $20,100 and $32,600 – over two-thirds of their monthly income is a result of Social Security. By any reasonable standard, Social Security has been the most successful antipoverty program in the nation’s history. The program currently serves over 47 million Americans, and it must continue to serve as a social safety net in the future.
Over the next 10 years, our proposals would result in approximately $560 billion in deficit reduction. Our Medicare reforms would achieve roughly $300 billion in net savings within that time frame, and over second decade (2024-2033), our proposals would result in another almost $1 trillion in budgetary savings to the Medicare program. These savings estimates are net of the cost of fixing the dysfunctional Sustainable Growth Rate (SGR) physician payment formula.
The analysis presented in this report considered the relative impact of a realistic range of supply and demand drivers that will shape future U.S. energy markets.
When it comes to preventing unauthorized immigration, border security gets the most attention. Employment verification may be equally important. Nearly half of unauthorized immigrants cross the border legally but overstay their visas. Further, between two-thirds and three-quarters of working unauthorized immigrants pay Social Security taxes, meaning that they were hired with forged or since-expired documents—through the same channels as “documented” legal workers.