AHAA DACA Statement
Fairfax, Va. (September 8, 2017) – On behalf of AHAA: The Voice of Hispanic Marketing, we are appalled by the Trump Administration’s end of DACA, the Deferred Action for Childhood Arrivals. Dreamers are not taking “American” jobs because dreamers are American. Reversing DACA is cruel, inhumane and goes against all the ideals and values upon which this country was founded. For a President that has promised to be about growing our economy, the reversal of DACA is just bad business.
Here are the facts:
• All DACA recipients grew up in America, registered with our government, submitted to extensive background checks, and are diligently giving back to our communities and paying income taxes.
• According to a coalition of business leaders, more than 97 percent are in school or in the workforce, 5 percent started their own business, 65 percent have purchased a vehicle, and 16 percent have purchased their first home.
• A report from FWD.us, a think tank started by Facebook CEO Mark Zuckerberg and other tech leaders, found that 91 percent of DACA recipients are employed with at least 72 percent of the top 25 Fortune 500 companies.
Canceling the program would mean roughly 30,000 a month would lose their work permits as their DACA status expires. A study by the Center for American Progress estimated that the loss of all DACA workers would reduce U.S. gross domestic product by $433 billion over the next 10 years. According to Moody’s Chief Economist Mark Zandi, Trump’s decision to repeal DACA will reduce the labor force by 0.5% in the five years following implementation. It will also hit GDP by 0.5 percentage points, Zandi added, translating to a loss of $105 billion over that same period. In addition, our economy would lose $24.6 billion in Social Security and Medicare tax contributions.
These “Dreamers” are vital to the future of our companies and our economy. With them, we grow and create jobs and we increase our consumer base for all types of goods and services. They are part of why we will continue to have a global competitive advantage.
AHAA will continue to promote the celebration of culture as a vibrant part of the American story and its powerful impact on the U.S. economy. We stand alongside other leaders, corporations and organizations and strongly urge Congress to represent ALL Americans in passing meaningful and fair legislation protecting Dreamers.