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How much could ‘executive amnesty’ cost?

Illegals Crossing US BorderBy The Iowa Statesman

 

Illegal immigrants who are able to obtain Social Security Numbers and work permits as a result of President Obama’s “executive amnesty” could reap huge financial windfalls, at taxpayer expense.

According to Caroline May of Breitbart.com, a recent Congressional Research Service report backs up the Internal Revenue Service’s confirmation that once illegal immigrants are granted Social Security Numbers — as a result of Obama’s executive actions — they will be able to file back tax returns and obtain up to four years of tax benefits. That includes the Earned Income Tax Credit and the Child Tax Credit.

The new CRS report — dated Wednesday and requested to gauge the tax benefits an amnesty beneficiary could potentially accrue — looks at the amount of EITC and CTC for a hypothetical family from from 2011-2014. It found that a family with three children in the four years from 2011-2014 would be able to obtain $35,521 in the EITC and CTC; a family of four in that same circumstance could obtain $35,560.