Immigration reform would boost housing markets

Commentary: The sooner undocumented immigrants are legalized, the larger the gains for the US economy

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Author William R. Alger once said that public opinion is a second conscience. That seems to be the case with public sentiment towards our nation’s immigration policy. A CNN poll shows 84 percent of Americans back a program that would allow undocumented workers to stay in the U.S. and apply for citizenship if they have been in the country for several years, have a job and pay back taxes. Reforming our broken system and bringing 11 million people out of the shadows is not only the right thing to do, but also a smart economic move that would generate billions in federal, state and local taxes, stimulate housing purchases and trigger increased consumer spending. According to the Center for American Progress (CAP), new reforms would yield about $1.5 trillion in cumulative U.S. gross domestic product over 10 years. All of which lawmakers seem to be adding up as a bipartisan committee of senators delivers a common-sense plan that could gain wide support -- that is if anti-immigrant...