Thursday, February 19, 2009

MYTH: Immigrants Send All Their Money Back to Their Home Countries

FACT: While it is true that immigrants remit billions of dollars a year to their home countries, this is one of the most targeted and effective forms of direct foreign investment.

FACT: In addition to the consumer spending of immigrant households, immigrants and their businesses contribute $162 billion in tax revenue to U.S. federal, state, and local governments.

More mythbusting facts on this issue can be found in Immigrants have enriched American culture and enhanced our influence in the world, an article from the CATO Institute.

No comments: