Trump's $45-Billion Immigration Policy Supercharges Profits For Private Prisons Under 'Big Beautiful Bill'

Zinger Key PointsTrump’s bill triples spending on immigrant detention to $45 billion over four years, more than Obama, Biden and first Trump admins combined.Result? The country’s two largest private prisons Geo Group and Core Civic are seeing their fortunes skyrocket.Up Next: Get 5 Dark Horse Stocks Wall Street Is Quietly Loading Up OnShares ofGeo GroupGEOandCoreCivicCXWare popping on Monday following last week'sCongressional approvalofPresidentDonald Trump's massive tax and spending bill, which vastly increases funds for the administration's aggressiveimmigration policy.What's happening?As the country's two largest private prisons and contractors with the now-expanding immigrant detention centers, their fortunes seem to be securely on the rise.In keeping with a popular campaign promise, Trump's so-called "Big Beautiful Bill" will triple federal spending on immigrant detention by earmarking $45 billion over the next four years. That's more than the Obama, Biden and first Trump administrations spent combined.Read also:Trump Administration’s ICE Raids Compared With WWII Japanese Internment Camps By George Takei: ‘Politicians Lie, And People Believe That Lie’Trump's tax bill,notesthe Washington Post, also earmarks $46.5 billion for construction of the unfinished U.S.-Mexico border wall and $6 billion for surveillance and border technology.Officials at U.S. Immigration and Customs Enforcement (ICE) said the funding would allow them to roughly double detention capacity to 100,000 beds and expand their ability to detain undocumented immigrants. ICE has awarded new or extended contracts this year to at least nine facilities operated by Geo Group and CoreCivic, along with others managing tent-based detention centers."This bill will make our communities safer by making a historic investment in our border security,"saidRep.Addison McDowell. "No more dangerous illegal aliens parading around with no consequences."Nationwide, ICE had detained 56,397 immigrants as of June 15, the highest number on record since the agency began disclosing such data and far above its funded capacity of 41,500,according to the Cato Institute.Rep.Alexandria Ocasio-Cortez(D-NY) has taken theTrump administration to taskon various occasions for what she describes as a massive financial windfall for private prison companies, accusing them of prioritizing profits over humane conditions for detainees.Other lawmakers have called the ICE-directed cash "budgetary mismanagement" after funds had to be redirected from other departments.Now Read:Trump And DeSantis Inaugurate ‘Alligator Alcatraz’ Immigrant Detention Center Deep In Florida EvergladesPhoto: ShutterstockLoading...Loading...CXWCoreCivic Inc$22.413.39%Stock Score Locked: Edge Members OnlyBenzinga Rankings give you vital metrics on any stock – anytime.Unlock RankingsEdge RankingsMomentum85.28Growth74.50QualityNot AvailableValue73.57Price TrendShortMediumLongOverviewGEOThe GEO Group Inc$26.384.17%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:GovernmentNewsPoliticsTop StoriesTrading IdeasICEImmigration Policyprivate prisonsTrump tax bill