During Obama’s second term as president, it came to his attention that an executive policy was needed to protect those that want to pursue a better life but without the privilege of being born in the United States. Those affected are known as Dreamers due to their residential status and are affected financially and through the pursuit of reaching higher education and their careers. The Obama administration introduced this executive order by passing Congress and created the “Deferred Action for Childhood Arrivals” (DACA).
What this means to the economy?
Around 800,000 participants fall under this program therefore, this will affect the economy in the long term run by decreasing the United States Gross Domestic Product (GDP). According to statistics ran through CNN economists, the economy will be affected by decreasing its GDP value by $280 billion dollars. Not only that, but employers will loose $2 billion dollars within the next two years. The amount of current employees loosing their job is around 700,000. Therefore, this provokes 400 CEO’s including Apple, Facebook, J.P. Morgan Chase, and Snapchat to unite and urge Congress to institute new legislation by signing a letter being sent to the White House.
Mr.Trump issued a statement as followed, “Our enforcement priorities remain unchanged.” He also stated, ” We are focused on criminals, security threats, recent border-crossers, visa overstays, and repeat violators. I have advised the Department of Homeland Security that DACA recipients are not enforcement priorities unless they are criminals, are involved in criminal activity, or are members of a gang.”