Congress' official number-crunching agency is using a flawed method of calculating the economic benefits of greater immigration—potentially leading lawmakers to have a skewed understanding of how more immigration can help reduce federal deficits.
That's the argument made in an interesting new report by the Penn Wharton Budget Model, a fiscal policy think tank housed at the University of Pennsylvania, which claims that the Congressional Budget Office (CBO) is wildly underestimating how handing out more green cards to high-skilled immigrants could reduce the deficit by hundreds of billions of dollars.
