After many months of rival assertions by interested parties, we finally have an authoritative assessment by an impartial referee of the effects of the so-called Gang of Eight senators’ proposed legislation on immigration. On Tuesday, based on work with the Joint Committee on Taxation, the Congressional Budget Office released two reports – one on the direct federal budget impact and one on the broader and longer-run economic effects, with a helpful summary blog post by the office’s director, Douglas Elmendorf).
