us business chiefs call for immigration reform
Last Updated : GMT 11:25:12
Arab Today, arab today
Arab Today, arab today

US business chiefs call for immigration reform

Arab Today, arab today

Arab Today, arab today US business chiefs call for immigration reform

Migrant workers at a farm
Washington - AFP

Heads of major US companies on Wednesday urged immigration reform as crucial to boosting US economic growth, amid speculation the issue was dead after a shock Republican election defeat.
The Business Roundtable, an influential group representing top chief executives, said that fixing America's "broken immigration system" would unleash a powerful force that drives growth and bolsters the business sector.
The group issued a report laying out the economic case for immigration reform, which coincidentally landed as Washington political circles reeled from Tuesday's unexpected defeat of Republican Party chieftain Eric Cantor in a Virginia primary election.
Cantor, the US House of Representatives majority leader, was trounced by a university professor backed by the radical conservative Tea Party, David Brat, who campaigned against Cantor's support of legislation that would allow the children of illegal immigrants to remain in the country and become US citizens.
The defeat of Cantor, one of the most powerful politicians in Washington, raised warning flags to any Republican considering support for a path to citizenship to the country's 12 million illegal immigrants, analysts said.
The Business Roundtable, in its new report, called for "sensible" reform, saying there were compelling reasons to fix a system that includes an ongoing flood of illegal immigrants across the US-Mexico border.
"The numbers and the people tell the story: Immigration is an all-around success for America's economy, and fixing the system would produce a win-win deal to the benefit of both immigrants and native-born Americans,” said Greg Brown, chairman and CEO of Motorola Solutions, and chair of the BRT's immigration committee.
The report cited data from the Bipartisan Policy Center estimating that reform would increase gross domestic product, the broad measure of the economy's goods and services, by 4.8 percent over 20 years and decrease federal deficits by $1.2 trillion.
Immigration reform would expand the US labor force, thus directly boosting overall economic output, and increase tax revenues, helping brighten the country's long-term fiscal outlook.
The report noted several studies had concluded that new immigrants would generally participate in the labor force at a higher rate than the current US population, another factor promoting faster growth.
- Immigrants critical for companies -
On the business case for reform, data showed that immigrants or their children had founded 40 percent of the Fortune 500 companies, and immigrants are nearly 50 percent more likely to start a business, the report said.
"Immigrants have been, and will continue to be, critical to the success of both BRT companies and the overall US economy.  Indeed, most BRT companies depend on US-based foreign-born workers to supplement their domestic workforce."
The report also featured the success stories of some immigrant executives, including Carlos Rodriguez, head of payrolls firm ADP, who fled Castro's Cuba as a boy with his family.
Former US Accenture CEO Jorge Benitez also arrived in the US as a Cuban political refugee, while Indian national Krish Prabhu, now chief technology officer at AT&T, came to the US for study and has lived in the country for nearly 40 years as a permanent resident.
"By putting an often-neglected human face on the immigration issue, we're reminded of the significant contribution immigrants make to our economy, businesses and society," Brown said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us business chiefs call for immigration reform us business chiefs call for immigration reform

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us business chiefs call for immigration reform us business chiefs call for immigration reform

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday