Immigration policy has been a hot topic ever since the primaries and, right now, on the verge of the general elections, the way in which Hillary Clinton and Donald Trump are going to approach this topic could weigh a lot!
According to the L.A. Times, the way the next president will deal with the millions of illegal immigrants will have a big impact on the U.S economy.
Immigration policies could have a huge impact in the next decade
“In terms of where the economy would be four years and 10 years from now, the real difference, the game changer between the two [presidential candidates] is immigration,” said Mark Zandi, chief economist at Moody’s Analytics, cited by the above mentioned source.
The forecasting firm claims that Hillary Clinton as a more open-door position on immigration, which includes methods of offering citizenship for those who are living in the country illegally and increasing the amount of legal immigrants.
It’s also worth mentioning that if her solutions become reality, it would add about a quarter of a percentage point to gross domestic product growth annually. If this growth rate is maintained, $480 billion could be added to the economy, by 2026.
Will Trump keep his promise and deport all immigrants without legal forms?
On the other side, Donald Trump’s approach on immigration is completely different. It is well known that the Republican nominee is considering deporting all people who live in the United States without illegal forms.
Moody’s Analytics estimated that his policies would reduce inflation-adjusted GDP by almost half a percentage point by 2026, which translates to about $880 billion. These predictions were intensely criticized by Trump’s campaign, considering them biased.