1:49 PM Eastern - Monday, October 1, 2012

DREAM Act = Better Economy and New Jobs #default

The math adds up. If the DREAM law were passed, it would would add a staggering $329 billion to the U.S. economy and generate 1.4 million new jobs by 2030, according to a new report from the Center for American Progress.

Screen Shot 2012-10-01 at 1.48.38 PM.pngEnabling 2.1 million aspiring DREAMers to get legal status would deliver a "double boost" to the country's economy. The DREAM Act would provide an incentive to achieve higher education and thus, open access to higher-paying jobs and higher earnings for undocumented youth, the report states.

The research finds that by 2030, "the eligible DREAMer population will earn 19 percent more in earnings than without passage of the DREAM Act, in turn increasing their consumption and contributing more in the way of tax revenue to the federal government." Also, the law's passing would not just be a one-time gain. The benefits would unfold over time and increase over the years.

CAP's report also includes a state- by-state infographic showing how 12 states -- states with the largest Latino populations such as Florida, Arizona and Colorado -- would have the most economic gains. Florida, for instance, would add $21 billion to its economy, while Arizona would have an 18.4 billion gain.

Read the Center for American Progress' entire report plus more analysis of the DREAM Act's economic benefits.

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