Wharton (Trump's Alma Mater) Says RAISE Act Would Gut 4.6M Jobs, Reduce GDP

Wharton (Trump's Alma Mater) Says RAISE Act Would Gut 4.6M Jobs, Reduce GDP

Patrick Gillespie and Tal Kopan, CNN Money, Aug. 10, 2017 - "In a report published Thursday, the University of Pennsylvania's Wharton School said the immigration plan, dubbed the RAISE Act, would result in 4.6 million lost jobs by the year 2040. It also found that the U.S. economy would be 2% smaller than it would be under the current immigration policy during that time.

Last week, Trump threw his support behind the RAISE Act, a bill crafted by Republican Senators David Perdue and Tom Cotton. The proposal seeks to cut legal immigration to the U.S. by 50% within a decade.

"If you have fewer workers, we will have less economic growth," said Kimberly Burham, a managing director at the Penn Wharton Budget Model, a nonpartisan research team at UPenn."