Miami, FL (Law Firm Newswire) May 26, 2011 – The Partnership for a New American Economy may have some answers to fixing the economy. Interestingly, those answers may involve immigrants.
“The Partnership for a New American Economy (PNAE) has some high profile Americans ostensibly working in concert to point out the economic benefits the U.S. could derive from immigration reform. I’m sure there are a number of other people across America who may be muttering in the coffee ‘that it’s about time.’ It’s no secret that having immigrants in the U.S. that pay taxes would boost the economy exponentially, so, what’s the hold up?” asked Larry S. Rifkin, managing partner at Rikfin & Fox-Isicoff, an immigration law firm with law offices in Miami, Florida and Orlando, Florida.
PNAE has over 100 members who are tasked with the job of pointing out that immigrants and immigrant owned companies are a tremendous source of not only jobs, but revenue for the U.S. economy. Consider the statistics that show that immigrant owned businesses have created 400,000 jobs in America since 1990 and that immigrants are credited with having founded almost one-quarter of the high-tech operations in the U.S., as well.
That is a credible track record to say the least. It should also be noted that immigrant owned companies provide jobs for Americans as well. They do not take jobs away from them, unless an American is not willing to do the work offered, and this is what happens with seasonal labor positions.
“To put these facts into perspective, you can plainly see that immigrants work; start businesses; create jobs; pay taxes and contribute to the community in other ways. What about that do people no’ understand? The bottom line is that they bring money to the economy; money we need and yet, we deny immigrants citizenship?” asked Rifkin, the Orlando immigration lawyer.
To date, the PNAE has fielded some down-to-earth proposals, one of which is that it would be good to find ways for foreign students to stay in the U.S. to work, rather than go home when they are finished schooling. Think of the tax dollars they would return to the economy. They also indicate that illegals should get legal status by doing things like paying taxes, following the law of the land and learning English.
“If this sounds familiar, it should. It was part of the many drafts of the comprehensive immigration reform act that never was. Now, here it is, in part, coming back to haunt us,” said Rifkin, a Miami immigration attorney.
Bizarrely, one of the main arguments against comprehensive immigration reform is that it will put a huge strain on the economic system. Flat out, this is not true. In fact, the opposite is the stated case, which begs the question “What’s the real excuse for continuing to delay passing the comprehensive immigration reform act?”
It appears that the core issue of this great debate is now about illegally entering the U.S., which means those arguing against comprehensive immigration reform are missing the point that the more people we add to the economy with the power to pay taxes and create jobs, the better our economic position will be.
Rifkin & Fox-Isicoff, P.A.
1110 Brickell Avenue
Miami, Florida 33131
Toll Free: (866) 681-0202