Trump and Elon Musk Are Right: Legal Immigrants Are a Boon to America’s Economy

The press has been playing up the “civil war” inside the GOP between what Politico calls the “MAGA Republicans and Big Tech.” The restrictionists in the party want fewer visas, and the pro-growth wing wants more.This past weekend, President-elect Trump announced his support for expanding immigrant worker visas. He told the New York Post: “I’ve always liked the visas, I have always been in favor of the visas. That’s why we have them.”It wasn’t clear whether he was talking about special visas for seasonal workers or high-tech (H1b) visas. But he has the strategy exactly right: legal immigration, yes; illegal immigration, no.The evidence is overwhelming that LEGAL immigrants are assets to the economy.The most recent 2024 report by the Congressional Budget Office on the economic and fiscal impact of immigrants finds that immigrants pay more in taxes than they use in federal services, thus “reducing the deficit by nearly $1 trillion over the period 2024-2034.”Despite some traditional nativist concerns that immigrants “take jobs from American workers,” the most recent meta-study published in 2020 by the National Bureau of Economic Research found that, on balance, immigrants are “job creators, not job takers,” as the former AOL chief executive, Steve Case, put it. That is because immigrants today as always have high rates of starting businesses, fill niches in the workforce, and create jobs with their purchases of American goods and services.The nonpartisan American Immigration Council recently found that 45 percent of American Fortune 500 companies were founded by immigrants and their children.The businesses they create are not just in the tech sector. They include retail (Kohl’s), telecommunications (Verizon, AT&T), finance (JPMorgan Chase, Citigroup), pharmaceuticals (Pfizer, Moderna), media (News Corp, Fox), transportation (Boeing, JetBlue) and petroleum (Phillips 66, Occidental Petroleum), to name a few. And let’s not forget Elon Musk’s Tesla and SpaceX.The revenues of these first- and second-generation immigrant companies exceed that of any other nation.Mr. Musk, who will co-chair the Department of Government Efficiency commission, says he thinks we should double visas for skilled immigrants “yesterday.” He added: “The number of people who are super talented engineers AND super motivated in the USA is far too low. … If you want your TEAM to win the championship, you need to recruit top talent wherever they may be.”It is clear that hardworking and entrepreneurial immigrants in combination with good old Yankee ingenuity is one of the greatest comparative advantages the United States has over nearly every other nation in the world — especially Communist China.I can’t think of a better way to make America great again.Creators.com

Trump and Elon Musk Are Right: Legal Immigrants Are a Boon to America’s Economy

More from the New York Sun

Alabama Lawmakers Consider Bill That Would Make It a Felony To Intentionally Disrupt a Church Service

‘High Spirits’ Brings a Forgotten Musical Back From the Dead

Former Beauty Queen Booted From White House Religious Liberty Panel After ‘Hijacking’ Antisemitism Hearing

More from the New York Sun

Alabama Lawmakers Consider Bill That Would Make It a Felony To Intentionally Disrupt a Church Service

‘High Spirits’ Brings a Forgotten Musical Back From the Dead

Former Beauty Queen Booted From White House Religious Liberty Panel After ‘Hijacking’ Antisemitism Hearing

Jobs Surge in January Deals Blow to Trump’s Push for Interest Rate Cuts

New Ransom Note Sent to TMZ as Investigators Experience Progress and Setbacks in 10-Day Search for Nancy Guthrie

House Democrats Announce Plans To Host Field Hearing with Epstein Victims in Trump’s Back Yard

America Plummets to All-Time Low in Global Corruption Index

FAA Abruptly Bans All Flights Around El Paso for 10 Days, Lifts the Restrictions Within Hours