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Trump immigration plan to cost 4.6 million jobs, Ivy League study finds
|Last Edited||RP Aug 10, 2017 05:05pm|
|Author||Patrick Gillespie and Tal Kopan|
|News Date||Friday, August 11, 2017 05:05:00 AM UTC0:0|
|Description||President Trump is endorsing an immigration plan that will hurt job growth and the U.S. economy overall, according to two recent studies. |
In a report published Thursday, the University of Pennsylvania's Wharton School said the immigration plan, dubbed the RAISE Act, would result in 4.6 million lost jobs by the year 2040. It also found that the U.S. economy would be 2% smaller than it would be under the current immigration policy during that time.
Last week, Trump threw his support behind the RAISE Act, a bill crafted by Republican Senators David Perdue and Tom Cotton. The proposal seeks to cut legal immigration to the U.S. by 50% within a decade.