By contrast, that projected growth would take a hit if Trump were able to enact his mass deportation plans.
An estimated 11 million unauthorized immigrants reside in the United States, but Trump’s focus has mostly been on deporting immigrants with criminal records.
Goldman Sachs reported in June that it estimates about 1.2 million unauthorized immigrants, or 8% of that population, have criminal convictions.
Here’s the financial impact for Americans if Trump follows through on his mass deportation plan.
The report noted that inflation could peak at 0.5 percentage points higher under a mass deportation plan.
Persons:
Donald Trump, Trump, Goldman Sachs
Organizations:
CNN, White, Congressional, University of New Hampshire Carsey School of Public Policy, Brookings Institute, US, American Immigration, Social Security, Trump, NBC News, US Immigration, Customs Enforcement, ICE
Locations:
America, United States