May 28, 2026

Hunting the Workers Who Pay the Bills: The Half-Trillion-Dollar Cost of Trump’s Immigration Crackdown

A new Yale Budget Lab analysis finds that the president’s IRS–ICE data-sharing regime and broader enforcement push could cost the Treasury up to $479 billion in lost tax revenue over the next decade — at the very moment the deficit is racing toward $3 trillion and Social Security toward insolvency. This is not strength. It is self-sabotage dressed in red, white, and blue.

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