President Donald Trump and Attorney General Jeff Sessions are cracking down on sanctuary cities by threatening to hit them where it hurts most: in the pocketbook. Sanctuary cities are cities throughout the country which allow illegal alien residents to reside without fear of deportation.
This week, the White House announced that sanctuary cities must prove that they comply with immigration laws in order to be eligible for $4.1 billion in grants from the Justice Department.
“The Department of Justice has a duty to enforce this nation’s laws, including out immigration laws,” Sessions said. He went on to add that sanctuary cities “endanger lives of every American” and that “this disregard for law must end.”
How Prevalent Are Sanctuary Cities?
According to the Center for Immigration Studies, there are currently hundreds of cities, dozens of counties and even entire states that currently serve as sanctuaries for illegal aliens. In addition to the states of California, Connecticut, New Mexico and Colorado, cities such as Chicago, New Orleans, Boston, Baltimore, New York, Philadelphia and Milwaukee are all considered sanctuary cities.
For a full list of all the sanctuary cities, counties and states that could soon be at risk of losing federal funding, visit the Center for Immigration Studies website here.
So far, investors have brushed off the risk of negative economic impact associated with the potential loss of undocumented immigrant labor. The SPDR S&P 500 ETF Trust SPY 0.23% is…
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