We were overjoyed that President Trump announced he supports expanding work visas. As he told the New York Post this weekend:

“I’ve always liked the visas, I have always been in favor of the visas. That’s why we have them.”

He’s exactly right: legal immigration, yes; illegal immigration, no.

The most recent 2024 report by the Congressional Budget Office on the fiscal impact of immigrants finds:

The increase in immigration boosts federal revenues as well as mandatory spending and interest on the debt in CBO’s baseline projections, lowering deficits, on net, by $0.9 trillion over the 2024-2034 period. Some of the effects on the budget result from the increase in the number of people paying taxes and collecting federal benefits.

The nonpartisan American Immigration Council found in their 2024 report:

“This year, the percentage of New American companies has reached a new high: 46 percent of Fortune 500 companies in 2024 were founded by immigrants or the children of immigrants.”

These entrepreneurial American businesses extend well beyond high-tech:

The revenues of these first and second generation immigrant companies exceed the GDP of every country in the world other than the US and China:

In other words, more immigrants mean more, not fewer jobs for Americans.