President Barack Obama's immigration executive actions are projected to provide a "modest" economic boost to the U.S. economy, according to reports.

The immigration executive actions are expected to increase the U.S. Gross Domestic Product (GDP), reduce the federal deficit and raise tax and average wages. While the aforementioned are projected to occur, no negative impact is expected toward U.S.-born employment. The American Immigration Council (AIC) noted most of the economic gains from the executive actions would come from the new Deferred Action for Parental Accountability (DAPA) and the expanded Deferred Action for Childhood Arrivals (DACA) programs. DAPA and DACA will provide undocumented immigrants a renewable three-year deferment from deportation while granting them work authorization.

A report by the White House Council of Economic Advisers (CEA) estimated the U.S. GDP will increase by 0.4 percent over the next 10 years, which will equate to $90 billion in "real GDP" by 2024 -- based on the current worth of the U.S. dollar. The CEA also projected a "plausible upper-bound projection, based on the more optimistic estimates in the economic literature" that the country's GDP could increase by 0.9 percent, or the equivalent of $210 billion by 2024.

With the 0.4 percent GDP growth projection, the country's federal deficit could decrease by $25 billion by 2024. The optimistic 0.9 percent GDP growth could result in the federal deficit being cut by $60 billion by 2024.

The U.S. labor force is also expected to increase by approximately 150,000 workers during the next 10 years due to higher labor force participation.

"These estimated effects are significant but are a fraction of the economic benefits that would occur if these actions were superseded by Congressional action on commonsense immigration reform," wrote the CEA.

The Congressional Budget Office (CBO) estimated that if the U.S. Senate's comprehensive immigration reform bill (S. 744) had passed, then the GDP would have risen as high as 3.3 percent, or $700 billion by 2024. The immigration bill, which passed the Senate on bipartisan efforts, has not been picked up by the House of Representatives for a debate or vote.

Tax revenue increases have also been projected by multiple organizations. The CEA wrote that the executive actions would "raise additional revenue above and beyond the impact they would have on measured GDP, since undocumented workers are already contributing to GDP."

The Center for American Progress (CAP) estimated $2.9 billion in tax revenues can be accrued during the next year if 4.7 million undocumented immigrants with a minor child received temporary stay and work authorization. The payroll tax revenue could increase further in the next five years to $21.2 billion, according to CAP.

The University of California, Los Angeles' North American Integration and Development (NAID) Center said that 3.8 million undocumented immigrants, registering either through DACA and DAPA, could increase tax revenues by $2.6 billion during the first two years.

According to the Fiscal Policy Institute, in New York State, the executive actions may result in nearly $100 million in added state and local revenues, per year.

The AIC further noted it's "unlikely" that jobs would be taken away from native U.S.-born workers as a result of the executive actions.

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