Immigration Bill Will Only Cut 25 Percent of Illegal Immigration

Although the immigration bill has gathered wide support from voters, an analysis of the bill from the Congressional Budget Office revealed that while the bill may have some positive contributions to the U.S., future illegal immigration would only be slashed by 25 percent.

The analysis, released Tuesday, estimates the immigration bill would lead to a net increase of 10.4 million immigrants flowing in the U.S. over the next 10 years. That number would increase to around 16 million people by 2033.

Enacting the bill would also decrease the federal budget deficit by about $197 billion from 2014-2033. The program would cost about $22 billion over the same time frame, though, so the actual amount pumped into the budget deficit would end up being around $175 billion. Legalizing illegal immigrants and workers will end up costing about $262 billion in tax credits, but the cost is covered for by the $459 billion in higher taxes paid by newly-legalized future workers and illegal immigrants.

But the CBO warned of possible problems with the bill's ability to stop illegal immigration. The CBO also did say bill would include tougher enforcement and workplace checks, which will put a damper on illegal immigration but the analysis noted that many guest workers will refuse to go home after their temporary work has ended, meaning the number of illegal immigrants in the U.S. would actually go up.

"Other aspects of the bill would probably increase the number of unauthorized residents in particular, people overstaying their visas issued under the new programs for temporary workers, said the agency. CBO estimates that, under the bill, the net annual flow of unauthorized residents would decrease by about 25 percent relative to what would occur under current law.

The immigration bill has other implications as well. The CBO estimates around 2.6 million more people will be receiving healthcare under President Obama's health care law by 2023, which means the cost of Obamacare will go up $87 billion.