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A permanent resident contributes to Social Security for all

The federal government retirement and disability program known as Social Security depends on the contributions of workers to maintain the fund. Changes in the number of green card holders admitted to the United States, and the deportation of others, could lead to less funds being contributed to Social Security overall. The result could be a loss of funds leading to the depletion of the Social Security trust fund. In New York, one could argue that a permanent resident makes an important contribution to American society and, therefore, should not be facing harsh restrictions. 

A new study finds that just one out of many recent immigration proposals could increase the unfunded benefits obligation by $1.5 trillion, or 13 percent over the next 75 years. The measure, a Senate bill to reduce the number of green cards, would also shorten by one year the date when the Social Security trust fund is set to be depleted. The proposed bill would immediately reduce the number of green cards by 41 percent and in 10 years would cut the number by half. 

At the present time, approximately 1 million individuals are granted green cards every year, but this number will likely be reduced. Another bill, known as the RAISE Act, would erase the lottery program that offers residency to 50,000 immigrants and change the rules for attaining an employment-based visa. Essentially, the reduction in workers would result in fewer payroll taxes and less funds being diverted to Social Security. 

Although immigrants face challenges in becoming a permanent resident of the United States, it is still possible. Bills and proposed measures do not take effect until they become law. A person in New York seeking help with residency status may wish to consult with an immigration attorney for updates on the most recent legislation and tips for achieving his or her immigration goals. 

Source: Forbes, "Immigration Curbs Will Weaken Social Security", Howard Gleckman, Feb. 21, 2018

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