Tuesday, May 01, 2007

That sucking sound continues out of our wallets.

"The amount of money Latin American immigrants sent home from the United States grew at a slower rate during the first two months of the year than in the same period a year ago, according to the Inter-American Development Bank. The slowdown puzzled some experts who study such remittances, which contribute significantly to Latin American economies."-Washington Post

While that may actually be good news for Americans to know that less money is leaving local communities and being sent out of the country. It still does not change the fact that middle class taxpayers are still subsidizing the illegal immigrant workforce. As this money quote from a recent report from F.A.I.R. shows:

"Analysis based on current estimates of the illegal alien population residing in New York indicates that population is costing the state’s taxpayers more than $5.1 billion per year for education, medical care and incarceration. That annual tax burden amounts to about $874 per New York household headed by a native-born resident. Even if the estimated $730 million in sales, income and property taxes collected from illegal immigrants are subtracted from the fiscal outlays, net costs still amount to more than $4.5 billion per year. "- FAIR

So the lower remittances being sent out of the country immigrants will not be good news until the money flowing out of U.S. taxpayers wallets like those of us in New York also gets lower.
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1 comment:

kyledeb said...

I came across your blog through the article in the Washington Post that you commented on. I was wondering if you'd be interested in a link exchange with Immigration Orange. Email me at kyledeb at gmail dot com if you're interested.