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Officials see immigration reform bolstering Social Security in the short term
The White House said this week that passing the immigration bill will help boost Social Security — a claim that gets at the heart of the immigration debate and whether it’s good for the economy or not. Two of the federal government’s official economists, the Congressional Budget Office and Social Security’s independent chief actuary, both have concluded that in the near term, the boost of extra workers will both be paying more in Social Security taxes and will be helping the economy, which means others will be paying more in payroll taxes, too. Read more…