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By Michelle Ye Hee Lee December 2

With each additional day that passes, another $37 million in revenue is lost. There is no denying the powerful impact that immigration reform could have on our economy.

The Cost of Inaction on Immigration Reform, the Center for American Progresss running tally of tax revenues lost due to inaction on comprehensive immigration reform

This figure has been cited by numerous Democratic lawmakers recently, following President Obamas decision to delay thedeportation of nearly 4 million undocumented immigrants and his renewed call for Congress to pass an immigration reform bill:

The $37 million figure comesfrom the Center for American Progresss clock tallying tax revenues missed from inaction in the House on the Senate-passed S. 744, better known as the comprehensive immigration reform bill. Organizing for Action, the nonprofit spinoff of the 2012 Obama for America presidential campaign, also has cited this figure.

As of the end of November, the clock claimed that the U.S. Treasury has lost out on $19 billion.

Whats the math behind this number?

By a bipartisan vote of 68 to 32, the Senate in 2013 passed the Border Security, Economic Opportunity and Immigration Modernization Acttoprovide a path to citizenship for millions of undocumented immigrants and increase Border Patrol resources along the U.S.-Mexico border. But House Republican leaders said they would not to take up the Senate measure as written.

The left-leaningpublic policy research and advocacy group Center for American Progress launched its CIR inaction clock a year ago; the clock recordsthe amount of time passed since the Senate vote, and calculates the amount of supposed tax revenue the United States has missed out on since then: $37 million a day.

This amount comes from a Congressional Budget Office analysisof the bills fiscal impact. The report is the most recent version of CBO calculations relating to the bill and is an update of its previous, slightly higher estimates.

The rest is here:
Fact Checker: Has House Republicans inaction on immigration cost $37 million a day?