Report shows big Hispanic spending
Date: December 11, 2014
DENVER – A new report highlights big spending and tax revenue from native and foreign-born Hispanics in an effort to push federal immigration reform.
The report, from Partnership for a New American Economy, a centrist pro-comprehensive immigration-reform group, points to $12.3 billion in annual Colorado spending, and $3.7 billion in tax revenue in 2013 from the Hispanic community.
The report states that Hispanics account for more than 13 percent of the spending power in the state, as well as almost 9 percent of the revenue paid by residents of the state.
In 2013, Hispanics had an estimated after-tax income of more than $605 billion, and contributed more than $190 billion to U.S. tax revenues as a whole.
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