New analysis of U.S. taxpayer data shows that, over 30 years, immigrants saved the government $14.5 trillion, preventing a fiscal crisis. The report, from the libertarian Cato Institute, looked at federal, state and local government data stretching from 1994 through 2023, finding that immigrants generated more in taxes than they received in benefits . Without immigrants—naturalized citizens and non-citizens—U.S. public debt would be at least 205 percent of GDP, nearly double the actual 2023