December 03, 2018
U.S. Sen. Jim Inhofe (R-Okla.) released the Joint Committee on Taxation (JCT) analysis of the WALL Bill, which Sen. Inhofe will introduce this week. The analysis, available here, estimates that the tax components of his legislation will save over $33 billion over ten years—more than enough to fully fund the wall along the southern border.
“The nonpartisan, independent analysis by the Joint Committee on Taxation shows that my legislation is not only a viable roadmap for fully funding President Trump’s border wall, but it is fiscally responsible. We can’t wait any longer to prioritize border security and address the crisis of illegal immigration. I urge all of my colleagues in the Senate to join me in fully funding the wall by closing loopholes that allow illegal immigrants to receive federal benefits.”
The WALL Act will:
Require a work-authorized Social Security Number (SSN) to claim refundable tax credits, like the Earned Income Tax Credit (EITC) or the Child Tax Credit:
Require welfare applicants (food stamps, TANF, HUD, etc) to verify citizenship:
Increasing the minimum fines on illegal border crossers and establishes minimum penalty for visa overstays.
This legislation is designed to complement the Asylum Abuse Reduction Act that Sen. Inhofe introduced in August, legislation that will address immigration loopholes to improve the integrity of the asylum process. The United States experienced a 234 percent increase in asylum applications from 2014 to 2016, generating a backlog in our immigration courts. That number is expected to increase.