$150 Billion In Notable Investment Spending

WSJ: Climate change is costing the U.S. economy $150 billion.
The Atlantic: $150 billion worth of foreign assets belonging to Iran were frozen due to sanctions imposed to impede its nuclear program.The Mesothelioma Center: The cost of cancer care has reached nearly $150 billion nationally.
Reuters: An AI faux pas resulted in the market wiping about $150 billion off Google’s $1.2 trillion company capitalization.
U.S. Treasury: The CARES Act established a $150 billion Coronavirus Relief Fund.
CNBC: Tax evasion by the wealthiest Americans tops $150 billion annually.

Since the beginning of 2023, the net cost of illegal immigration for the United States – across all government levels – has been at least $150.7 billion. This figure is derived by subtracting the tax revenue paid by illegal immigrants, which amounts to about $32 billion, from the overall negative economic impact of illegal immigration, estimated at $182 billion.

The fiscal burden of illegal immigration is multifaceted and escalating. From medical care to education, from prosecutorial and incarceration costs to welfare payments, there are substantial recurring expenses. These payments, dispersed across various entities at both state and local levels, are often challenging to track or intentionally concealed.

Estimating the fiscal burden of illegal immigration on taxpayers depends on the size and characteristics of the illegal alien population. However, data privacy concerns are sometimes invoked to obscure this information, despite the individuals in question being illegal immigrants. Interestingly, the Federal government lacks a centralized database of the citizenship status of those lawfully or unlawfully present in the country.

In 2022, taxpayers at all levels of government collectively spent approximately $182 billion to cover the costs associated with the presence of over 15.5 million illegal aliens and approximately 5.4 million citizen children of illegal aliens. This translates to a cost burden of roughly $8,776 per illegal alien or citizen child and a gross cost of $1,156 annually per taxpayer. The rationale for immigration is that over time it will contribute to the economy. Until then empathy does not qualify as a tax write-off.