Immigration bill would boost Social Security

Immigration bill would boost Social Security

Credit: Getty Images

WASHINGTON, DC - NOVEMBER 08: Latinos and immigrants participate in a rally on immigration reform in front of the White House on November 8, 2012 in Washington, DC. Immigrant rights organizations called on President Barack Obama to fulfill his promise of passing comprehensive immigration reform. (Photo by Mark Wilson/Getty Images)

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by ERICA WERNER

Associated Press

Posted on May 8, 2013 at 1:45 PM

Updated Monday, Nov 25 at 4:58 PM

WASHINGTON (AP) -- An analysis by the Social Security Administration says a bipartisan immigration bill pending in the Senate would boost the retirement program's trust fund by adding millions of taxpayers to the economy.

The finding comes in a letter to Sen. Marco Rubio, R-Fla., who requested the analysis, from Stephen C. Gross, chief actuary for the agency.

It could provide a boost for the immigration bill, which has been attacked by some conservatives as overly costly, as the Senate Judiciary Committee prepares to begin amending the measure on Thursday.

The analysis says the bill would add more than $300 billion in net additional revenues to Social Security and Medicare over the coming decade.

Gross writes that the overall effect of the bill on the long-range trust fund balance "will be positive."

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