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Crackdown on immigration could wipe out nearly $480B in U.S. tax revenue over a decade

1 min read
Source: The Guardian
Crackdown on immigration could wipe out nearly $480B in U.S. tax revenue over a decade
Photo: The Guardian
TL;DR Summary

The Trump administration's immigration crackdown and a proposed IRS-ICE data-sharing plan could deter undocumented workers from filing taxes, risking $147B-$479B in federal revenue over the next 10 years; the loss of the child tax credit for parents without legal status could affect up to 2.7 million children, and tax professionals report a sharp drop in filings as fear of enforcement grows.

Topics:nation#business#child-tax-credit#immigration-enforcement#irs-data-sharing#tax-policy#undocumented-immigrants
Share this article
  1. Trump’s immigration crackdown could cost up to $479bn in lost taxes over 10 years  The Guardian
  2. Trump Administration Pushes I.R.S. to Identify Undocumented Immigrants  The New York Times
  3. Trump’s immigration crackdown could cost nearly $500B in lost taxes over the next 10 years  The Independent
  4. Government Calls on IRS for Immigrant Tax Records  International Legal and Business Services Group
  5. Immigration Crackdown Threatens to Cost US 479 Billion Dollars in Tax Revenue  AsatuNews.co.id

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