This memo is adapted from an article by the Center for American Progress. On June 27, the Senate passed a comprehensive immigration bill, S. 744, and created an opportunity to dramatically improve the fiscal and economic health of our country. The nonpartisan Congressional Budget Office, or CBO, has estimated that S. 744 would reduce our deficit by $135 billion over the first 10 years, generate millions of new jobs, and boost our economy. But while our economy stands to gain significantly from fixing our broken immigration system, each day the House fails to pass immigration reform is another day of missed economic opportunities. In the four months since the Senate passed S. 744, we have already missed out on a net $4.9 billion in additional tax revenues.* With each additional day that passes, another $37 million ... Read more