Seven GOP-led states suing to end DACA stand to lose $369 million in taxes annually
The seven Republican-led states suing the Trump administration over the Deferred Action for Childhood Arrivals (DACA) program aren’t just engaged in a politically-motivated stunt, they also stand to lose hundreds of millions annually in state and local tax revenue, and billions in annual gross domestic product (GDP), if they successfully end protections for the 134,000 young immigrants who reside in those states:
The seven states suing the Trump administration stand to lose an estimated $369 million annually in state and local tax revenue they currently receive. Texas would lose the most at $313 million in revenue annually.
Texas is home to the second-largest U.S. population of DACA recipients, and their tax contributions help keep the state running, yet indicted Texas attorney general Ken Paxton has been hell-bent on ending their protections. Last year, he threatened to sue if the Trump administration didn’t end the program, and then went through with the threat this past May.
But “despite Paxton’s repeated efforts to end DACA, appetite to end the program has dwindled.” Ten states initially joined the threat, a huge drop from the 26 that sued the Obama administration in 2014 over a program that would have protected the undocumented parents of U.S. citizens and permanent residents. By the time Paxton did sue over DACA, only Alabama, Arkansas, Louisiana, Nebraska, South Carolina, and West Virginia joined him.
Alliance Tax Advocate . Free Tax Consultation. Call Us Now 1.888.315.8269 #help #gop #economy #entrepreneur #tax #Taxes #IRS #college #taxreturn #taxrefund #personalfinance #money