Immigration reform opponents frequently argue that undocumented immigrants are a drain on our economy and government services. But a new study hopes to refute that idea – and show how strong a consumer and taxpaying force Hispanics are.
Partnership for a New American Economy is a group of government and business leaders who support immigration reform. In Miami on Thursday it reported that the annual purchasing power of Hispanics – who are the majority of undocumented immigrants – now tops $600 billion. In Florida it’s $65 billion – or one of every six spendable dollars.
ArunSharma is a marketing professor at the University of Miami. He says even the big screen isbenefiting: “Hispanic customers are approximately 15 percent of the population, but they consume approximately 25 percent of the movie tickets.”
The report says Hispanics also pay $190 billion in taxes – and they pay more than they get from programs like Social Security and Medicare.
Says Rudy Fernandez, a special assistant to former President George W. Bush,“The growing Hispanic community [is] key to the sustainability of those programs.”
Opponents of reform insist undocumented immigrants are still a burden on services like public education.
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