The new law, if adopted, would produce enough new revenues through taxes paid by immigrants-turned-citizens to reduce the deficit by $197 billion during the first 10 years.
The savings would be even greater in the next decade, the CBO said. From 2024 to 2033, the deficit would shrink by $700 billion.
During the latter time frame, government spending would increase by $262 billion, primarily due to refundable tax credits and health insurance subsidies kicking in.
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